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PM Project Risk Managemnt

The document outlines the first semester examination for the Project Risk Management course at the Higher Institute of Science and Technology Bamenda, affiliated with the University of Bamenda. It includes multiple choice, short answer, and long answer questions focused on project risk concepts, management processes, and practical applications. The overall exam mark is 70, and students are instructed to answer all questions within a duration of 2 hours.

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Azinwi Boris
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11 views

PM Project Risk Managemnt

The document outlines the first semester examination for the Project Risk Management course at the Higher Institute of Science and Technology Bamenda, affiliated with the University of Bamenda. It includes multiple choice, short answer, and long answer questions focused on project risk concepts, management processes, and practical applications. The overall exam mark is 70, and students are instructed to answer all questions within a duration of 2 hours.

Uploaded by

Azinwi Boris
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Higher institute of Science and Technology Bamenda || HISTBA

(IN AFFILIATION WITH THE UNIVERSITY OF BAMENDA (UBa)


FIRST SEMESTER EXAMINATION 2024/2025
DEPARTMENT: Management

SPECIALTY: Project Management

COURSE TITLE: Project Risk Management

DATE: …………………………….. DURATION: 2HRS


OVERALL EXAM MARK: 70

SETTING A:

Instruction: answer all the questions below

SECTION A – MULTIPLE CHOICE QUESTIONS (20 Marks)

Answer all questions. Each question carries 2 marks.

1. What is a project risk?


a) A certain event that will happen
b) An uncertain event that may affect the project
c) A completed task
d) A team meeting
2. What is the first step in project risk management?
a) Monitoring risks
b) Identifying risks
c) Planning project meetings
d) Closing the project
3. Which document lists all identified risks in a project?
a) Risk register
b) Procurement plan
c) Budget report
d) Communication plan
4. What does "risk mitigation" mean?
a) Ignoring the risk
b) Increasing the risk
c) Reducing the impact of a risk
d) Reporting only positive risks
5. A "positive risk" is also called:
a) A threat
b) An opportunity
c) A hazard
d) A loss
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6. Which of the following is an example of a project risk?
a) Employee resignation
b) Paying salaries
c) Signing a contract
d) Holding a weekly meeting
7. What is risk monitoring?
a) Ignoring the risks
b) Observing risks and checking if they are changing
c) Creating more risks
d) Cancelling the project
8. Risk impact refers to:
a) How bad the risk can affect the project
b) The time it takes to complete a task
c) The total project cost
d) The number of workers on site
9. Which one of these is a risk response strategy?
a) Risk multiplication
b) Risk acceptance
c) Risk confusion
d) Risk inflation
10. What tool is commonly used to prioritize project risks?
a) Gantt chart
b) Risk matrix
c) Budget spreadsheet
d) Invoice list

SECTION B – SHORT ANSWER QUESTIONS (20 Marks)

Answer all questions. Each question carries 5 marks.

1. Define the term "risk" in project management.


2. Mention and explain two types of risks that a project might face.
3. List and explain two methods of identifying risks.
4. Briefly explain the importance of a risk management plan in a project.

SECTION C – LONG ANSWER QUESTIONS (30 Marks)

Answer any ONE (1) question. Each question carries 30 marks.

Question 1
Discuss the full process of managing risks in a project, starting from risk identification to risk monitoring
and control. Use simple examples where necessary.

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Question 2
Imagine you are the manager of a school construction project. Identify five possible risks that you may
face and explain how you would manage each one.

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