Which of the following is not a risk response strategy?

a) Risk avoidance

b) Risk acceptance

c) Risk reduction

d) Risk enhancement

Answer: d) Risk enhancement

Which of the following tools and techniques is used to identify risks in a project?

a) Monte Carlo analysis

b) Ishikawa diagram

c) Risk probability and impact matrix

d) Stakeholder analysis

Answer: b) Ishikawa diagram

Which of the following statements best describes the purpose of risk management in a project?

a) To eliminate all risks from the project

b) To reduce the impact of risks on the project

c) To ensure that all risks are documented in detail

d) To identify and manage risks to improve project outcomes

Answer: d) To identify and manage risks to improve project outcomes

Which of the following is not a technique for quantitative risk analysis?

a) Sensitivity analysis

b) Expected monetary value analysis

c) Monte Carlo analysis

d) Expert judgment

Answer: d) Expert judgment

Which of the following is a type of risk that can arise from a lack of resources on a project?

a) Schedule risk

b) Cost risk

c) Resource risk

d) Technical risk

Answer: c) Resource risk