Quiz – Risk Response

Question 1 of 6

1. Question

What does the avoidance strategy do?

Eliminates the risk by changing project scope or approach

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Prepares contingency plans for the risk

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Delegates the risk to senior management

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Ignores the risk entirely

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Question 2 of 6

2. Question

What does the mitigation strategy do?

Reduces probability or impact through preventive actions

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Removes the risk by changing scope

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Accepts the risk without any action

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Escalates the risk to external parties

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Question 3 of 6

3. Question

What does the acceptance strategy involve?

Acknowledging the risk while preparing contingency plans

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Changing the project approach entirely

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Reducing the risk with new controls

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Handing the risk to senior management

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Question 4 of 6

4. Question

When is escalation the right response strategy?

When the risk exceeds project authority

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When the risk is trivial and cheap

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When no framework applies

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When the project is already closed

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Question 5 of 6

5. Question

Match each risk response strategy to its action.

Sort elements

Eliminate the risk by changing scope
Reduce probability or impact
Prepare contingency plans
Delegate to senior management

Avoidance

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Mitigation

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Acceptance

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Escalation

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Question 6 of 6

6. Question

Fill in the blanks.

Risk response uses four core strategies: avoidance, Fill in the blank 1 of 3 , Fill in the blank 2 of 3 , and Fill in the blank 3 of 3 .