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Methods for Responding to Risk as it Happens

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the chance we take that something negative is going to happen?

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1. If a project manager must meet a tight deadline and decides to add employees, she or he is engaging in what method to manage the risk of missing the deadline?

2. A project manager chooses to work employees more when a large international order is made. What method is the manager using to manage the risk of not being able to complete the order?

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About This Quiz & Worksheet

Addressing risk in a prompt manner is important. See what you know about the various methods of addressing risk by completing this quiz and worksheet.

Quiz & Worksheet Goals

You will be tested on:

  • Examples of risk
  • Decision making related to risk reduction
  • Identification of a risk reduction measure

Skills Practiced

  • Information recall - access the knowledge you've gained to identify methods of risk treatment
  • Reading comprehension - ensure that you draw the most important information from the lesson on reducing risks as they occur
  • Knowledge application - use your knowledge to answer a question about the advantage of delaying projects to reduce risk

Additional Learning

Methods for Responding to Risk as it Happens is a lesson that will teach you about the real time management of risk. Objectives covered include:

  • Define risk
  • Review four methods of risk treatment
  • Know the measures to reducing risk
  • Compare choices for reducing risk in a real-life scenario
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