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1. DEVRY PROJ 595 Midterm Exam Set 2 NEW
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1. (TCO A) A stakeholder analysis in risk management (Points :
5)
Question 2. 2. (TCO A) When using the ATOM process to
manage risks, an initiation meeting should be used for (Points :
5)
Question 3. 3. (TCO B) All of the below are risk identification
methods, except (Points : 5)
Question 4. 4. (TCO D) In risk response planning, which is the
difference between active and passive acceptance? (Points : 5)
Question 5. 5. (TCO E) A common tool for use in risk
monitoring and control is (Points : 5)
Question 6. 6. (TCO H) When using the ATOM process to
manage risks, which is the importance of an initiation meeting?
(Points : 5)
Question 7. 7. (TCO A) When is a risk register created? What is
its importance of a risk register to a project? (Points : 10)

2. Question 8. 8. (TCO B) You are the project manager for a major
technological project. You are concerned about doing
qualitative risk analysis. How do you ensure consistency when
doing qualitative risk analysis across all risk evaluators?
(Points : 15)
Question 9. 9. (TCO D) Explain transference as a risk response
strategy, and provide an example of its use in a project.
(Points : 15)
Question 10. 10. (TCO E) What is the purpose of performing
reserve analysis during the risk management process? (Points :
15)
Question 11. 11. (TCO H) You are in a status meeting with key
project stakeholders. You are discussing residual and
secondary risks in your project. The key stakeholders ask for
an explanation and example of each. How would you describe
each? Provide an example of a residual and a secondary risk.
(Points : 15)