Google Project Management - Project Planning: Module 4 Challenge

1. Fill in the blank: A potential event that can impact your project if it occurs is called a(n) _____.

Correct Answer: D. risk

2. Risk management can help you avoid negative consequences like missing project timelines and goals. Which of the following is a benefit of effective risk management?

Correct Answer: A. You will be able to make a flexible project plan that allows for necessary adjustments.

3. As a project manager you are practicing risk management. You have already defined potential risks, determined their likelihood and potential impact. Now, you prioritize the risks. This represents which risk management step?

Correct Answer: B. Analyze risks

4. Which of the following tools can project managers use to brainstorm the potential causes of risks?

Correct Answer: D. Fishbone diagram

5. A project manager and a project sponsor are discussing their different risk appetites. What is risk appetite?

Correct Answer: C. A willingness to accept the possible outcomes of a risk

6. Which of the following risk types most commonly impact projects? Select all that apply.

Correct Answers: A. Time risks, B. Scope risks, C. Budget risks

7. A project manager is concerned about the workload an internal team is taking on for an upcoming project. The project manager decides to shift this workload to an external supplier. What kind of risk mitigation strategy is this?

Correct Answer: B. Transferring risk

8. A project manager communicates a newly discovered risk to a stakeholder. The project manager sends a direct email to stakeholders and includes “urgent” in the subject line. What level of risk are they likely writing about?

Correct Answer: C. High-level risk

9. As a project manager, you’re identifying task dependencies. Task B cannot start until Task A has started. Which type of dependency does this situation represent?

Correct Answer: D. Finish to Start (FS)

10. Should a risk management plan be updated regularly?

Correct Answer: A. Yes; the plan is a living document and should include new findings