Project Risk Management Exercise Answers

1. Match the outputs defined in column 2, with the process named in column 1, inserting your answer in the space provided in column 3.

Process	Outputs	Answer (number)
1. Plan Risk Management	A. Project management plan updates, Project document updates	5
2. Identify Risks	B. Project document updates	4
3. Perform Qualitative Risk Analysis	C. Work performance information, Change Requests, Project management plan updates, Project document updates Organizational Process Assets Updates	6
4. Perform Quantitative Risk Analysis	D. Risk Register	2
5 Plan Risk Responses	E. Risk Management Plan	1
6. Control Risks	F. Project documents updates	3

2. Match the process explanations defined in column 2, with the process named in column 1, inserting your answer in the space provided in column 3.

Process	Process Explanation	Answer (number)
1. Plan Risk Management	A. Developing options and actions to enhance opportunities and to mitigate threats to levels acceptable to the project	5
2. Identify Risks	B. Numerically analysing the effect on overall project objectives	4
3. Perform Qualitative Risk Analysis	C. Tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans and evaluating their effectiveness throughout the project life cycle	6
4. Perform Quantitative Risk Analysis	D. Determining which risks might affect the project and documenting their characteristics	2
5 Plan Risk Responses	E. Deciding how to approach, plan and execute the risk management activities for a project, creating the Risk Management Plan	1
6. Control Risks	F. Prioritising risks for subsequent further analysis or action by assessing and combining their probability and impact	3

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