- What is the primary goal of risk identification in business?
- A) To eliminate all risks
- B) To document risks that could affect the organization
- C) To analyze risk impacts
- D) To prioritize risks for management
- Answer: B) To document risks that could affect the organization
- Which tool is commonly used for identifying risks through brainstorming sessions with stakeholders?
- A) Risk Matrix
- B) SWOT Analysis
- C) Risk Register
- D) Fishbone Diagram
- Answer: B) SWOT Analysis
- What technique involves examining historical data to identify potential risks?
- A) Expert Judgment
- B) Risk Assessment
- C) Historical Analysis
- D) Risk Workshops
- Answer: C) Historical Analysis
- Which method involves creating a list of potential risks based on expert opinions and historical data?
- A) Delphi Technique
- B) Risk Breakdown Structure
- C) Risk Register
- D) Risk Matrix
- Answer: A) Delphi Technique
- What type of risk identification involves evaluating internal and external factors that could impact the business?
- A) Risk Mapping
- B) Risk Categorization
- C) Environmental Scanning
- D) Risk Mitigation
- Answer: C) Environmental Scanning
- Which approach uses structured interviews with stakeholders to identify risks?
- A) Risk Workshops
- B) Document Review
- C) Surveys
- D) Expert Interviews
- Answer: D) Expert Interviews
- What tool helps visualize the relationship between causes and effects of risks?
- A) Risk Register
- B) Fishbone Diagram
- C) Risk Matrix
- D) SWOT Analysis
- Answer: B) Fishbone Diagram
- Which process involves analyzing the project’s goals and objectives to identify potential risks?
- A) Risk Evaluation
- B) Risk Identification
- C) Risk Planning
- D) Risk Analysis
- Answer: B) Risk Identification
- What technique involves reviewing past projects to identify risks for a new project?
- A) Historical Data Analysis
- B) Risk Workshops
- C) SWOT Analysis
- D) Risk Breakdown Structure
- Answer: A) Historical Data Analysis
- Which risk identification method involves creating a detailed list of potential risks by breaking down project deliverables?
- A) Risk Breakdown Structure
- B) Risk Register
- C) SWOT Analysis
- D) Risk Matrix
- Answer: A) Risk Breakdown Structure
- What tool can be used to identify risks by listing all possible risks in a systematic way?
- A) Risk Matrix
- B) Risk Register
- C) Fishbone Diagram
- D) Risk Assessment
- Answer: B) Risk Register
- Which technique involves identifying risks by assessing changes in the internal and external business environment?
- A) Environmental Scanning
- B) Risk Mapping
- C) Risk Register
- D) Expert Judgment
- Answer: A) Environmental Scanning
- What approach involves using quantitative data to identify potential risks?
- A) Qualitative Risk Assessment
- B) Risk Mapping
- C) Quantitative Risk Assessment
- D) Risk Register
- Answer: C) Quantitative Risk Assessment
- Which technique involves using a checklist of common risks to identify risks specific to a project?
- A) Historical Data Analysis
- B) Checklist Analysis
- C) Risk Breakdown Structure
- D) Expert Judgment
- Answer: B) Checklist Analysis
- What method involves gathering a team to discuss and identify potential risks through structured discussion?
- A) Expert Interviews
- B) Brainstorming
- C) SWOT Analysis
- D) Fishbone Diagram
- Answer: B) Brainstorming
- Which technique involves reviewing project documents and other relevant materials to identify risks?
- A) Document Review
- B) Risk Register
- C) Risk Breakdown Structure
- D) Risk Mapping
- Answer: A) Document Review
- What type of analysis involves assessing potential risks associated with different scenarios or future events?
- A) Scenario Analysis
- B) Risk Register
- C) Fishbone Diagram
- D) Risk Breakdown Structure
- Answer: A) Scenario Analysis
- Which technique involves using statistical methods to identify potential risks based on historical data?
- A) Historical Data Analysis
- B) Quantitative Risk Assessment
- C) Risk Mapping
- D) Expert Judgment
- Answer: B) Quantitative Risk Assessment
- What tool is used to categorize and prioritize identified risks based on their impact and likelihood?
- A) Risk Matrix
- B) Risk Register
- C) Fishbone Diagram
- D) Risk Breakdown Structure
- Answer: A) Risk Matrix
- Which method involves assessing risks by examining the organization’s processes and procedures?
- A) Process Analysis
- B) Environmental Scanning
- C) Risk Mapping
- D) Document Review
- Answer: A) Process Analysis
- What technique involves identifying risks through discussions with project team members and stakeholders?
- A) Risk Workshops
- B) Risk Register
- C) Expert Interviews
- D) Brainstorming
- Answer: A) Risk Workshops
- Which approach involves identifying risks by evaluating the potential impacts of various risk factors on project objectives?
- A) Risk Impact Analysis
- B) Historical Data Analysis
- C) Risk Breakdown Structure
- D) SWOT Analysis
- Answer: A) Risk Impact Analysis
- What type of risk identification involves using historical information and expert input to identify potential risks?
- A) Risk Mapping
- B) Qualitative Risk Assessment
- C) Quantitative Risk Assessment
- D) Risk Register
- Answer: B) Qualitative Risk Assessment
- Which technique involves identifying risks through the analysis of internal audits and compliance reviews?
- A) Compliance Analysis
- B) Risk Breakdown Structure
- C) Historical Data Analysis
- D) Expert Judgment
- Answer: A) Compliance Analysis
- What method involves analyzing the project’s requirements and objectives to identify potential risks?
- A) Requirement Analysis
- B) Risk Mapping
- C) Document Review
- D) Fishbone Diagram
- Answer: A) Requirement Analysis
- Which technique uses a structured approach to identify risks by evaluating project deliverables and milestones?
- A) Risk Breakdown Structure
- B) Risk Matrix
- C) Risk Register
- D) SWOT Analysis
- Answer: A) Risk Breakdown Structure
- What type of analysis involves evaluating potential risks by considering the possible effects of different scenarios?
- A) Scenario Analysis
- B) Risk Mapping
- C) Fishbone Diagram
- D) Historical Data Analysis
- Answer: A) Scenario Analysis
- Which approach involves analyzing the potential impact of internal and external factors on the organization’s objectives?
- A) Risk Mapping
- B) Environmental Scanning
- C) Risk Register
- D) Expert Judgment
- Answer: B) Environmental Scanning
- What technique involves using a checklist to identify risks based on known risk factors?
- A) Checklist Analysis
- B) Risk Matrix
- C) Fishbone Diagram
- D) Risk Breakdown Structure
- Answer: A) Checklist Analysis
- Which method involves identifying risks by evaluating the potential effects of changes in project scope or requirements?
- A) Scope Analysis
- B) Risk Mapping
- C) Risk Breakdown Structure
- D) Expert Judgment
- Answer: A) Scope Analysis