QUESTION 1 Which of the following is not a project risk? Lack of finances Projec

ID: 455324 • Letter: Q

Question

QUESTION 1

Which of the following is not a project risk?

Lack of finances

Project costing

Capability of staff not meeting project requirements

Incorrect installation of equipment

QUESTION 2

What are the main three steps in risk assessment?

Review

Manage

Establish the context

Monitor

Evaluate

Consult

Identify

Communicate

Avoid

Analyse

Reduce

QUESTION 3

The risk equation can be written as:

(likelihood x risk level)/score = impact

likelihood x consequence = risk level

likelihood ÷ consequence = risk level

risk level/(score x impact) = likelihood

QUESTION 4

Consider a risk which has a likelihood of 'moderate' and a consequence score of 'moderate. What would be the best response for this risk?

Take immediate action

Attention required by senior management

Management responsibility required

Any of the above, the answer depends on the defined risk evaluation ranges.

1 points

QUESTION 5

What standard of proof is typically required for criminal law in Australia?

Enough to convince more than 50% of a jury

Beyond reasonable doubt

It depends on the type of evidence

The balance of probabilities