Q1easyWhat is the difference between Risk Mitigation and Risk Avoidance?AAvoidance is proactive; Mitigation is reactive.BAvoidance eliminates the cause of the risk; Mitigation reduces the probability or impact.CAvoidance is for money; Mitigation is for time.DThere is no difference.Check AnswerReveal Answer & ExplanationDiscuss on Board
Q2mediumA team decides to "Accept" a risk that the software might be 5% slower than the requirement. What should be done next?AHide the risk from the client.BDocument the risk, budget for a potential fix later, and continue monitoring.CWrite more code to fix it anyway.DQuit the project.Check AnswerReveal Answer & ExplanationDiscuss on Board
Q3mediumA project team identifies a technical risk: "The new API might not be ready on time." The probability is 40% (0.4) and the estimated impact on the budget is $50,000. What is the Risk Exposure (RE)?A$20,000B$50,000C$200,000D$10,000Check AnswerReveal Answer & ExplanationDiscuss on Board
Q4easyWhat is a Risk Trigger (or Risk Symptom)?AA tool that automates testing.BAn event or condition that warns the team that a risk is about to manifest into an issue.CThe amount of money spent on mitigation.DThe moment the project is cancelled.Check AnswerReveal Answer & ExplanationDiscuss on Board
Q5medium(Code/Console Logic) A risk assessment script generates a priority list. Based on the logic below, which risk should be prioritized?ARisk B (Priority 6)BRisk A (Priority 9)CRisk A is higher impact. risk_analyzer.pyDBoth are equal.Check AnswerReveal Answer & ExplanationDiscuss on Board
Q6easyCompare a Project Risk and a Technical Risk. Which of the following is a Project Risk?AThe sorting algorithm might be too slow.BThe API might have security vulnerabilities.CThe database might deadlock under load.DThe lead developer might resign unexpectedly.Check AnswerReveal Answer & ExplanationDiscuss on Board
Q7easyIn the RMMM plan, what do the four letters stand for?ARisk, Management, Mitigation, Maintenance.BRisk, Reliability, Metrics, Mitigation.CRequirement, Metrics, Management, Monitoring.DRisk Mitigation, Monitoring, and Management.Check AnswerReveal Answer & ExplanationDiscuss on Board
Q8easyLook at this Risk Table. Which risk has the highest impact but lowest probability?AData_LeakBAll have equal risk exposure.CSlow_LoadDCloud_OutageCheck AnswerReveal Answer & ExplanationDiscuss on Board
Q9easyWhich of the following is an example of Risk Transfer?AInstalling a fire alarm to prevent server room fires.BBuying insurance for the project or hiring a third-party vendor to assume the technical liability.CRedoing the project plan to remove the dangerous feature.DIgnoring the risk because it is unlikely.Check AnswerReveal Answer & ExplanationDiscuss on Board
Q10easyWhy is Risk Management sometimes referred to as "Project Insurance"?ABecause it identifies potential problems and prepares the team to handle them, preventing project failure.BBecause you have to pay a bank for it.CBecause it guarantees the project will be profitable.DBecause it ensures the code is bug-free.Check AnswerReveal Answer & ExplanationDiscuss on Board