APM Project Risk Management Single Subject Certificate Level 1 ...

APM Project Risk Management Single Subject Certificate Level 1 – Sample paper12) Before assessing a risk you must first:a. Identify the risk response actionb. Identify the riskc. Manage the riskd. Calculate the contingency13) To determine whether a risk response is justified, a project manager needs toknow:a. How important it is to the clientb. The significance of the risk event concerned, relative to the project objectivesc. How late the project isd. Whether the sponsor is concerned about the risk14) ‘Power distance’ is one dimension that can be used to describe national culturaldifferences which can have an affect on attitude to risk. It can be best defined as:a. The prevalence of highly bureaucratic organisations with a high number ofhierarchical levels.b. The extent to which individuals are integrated into groups.c. The extent to which lower level members of a hierarchy accept the unequaldistribution of power.d. The sphere of influence attributed to an individual.15) A beta probability distribution is used to describe:a. An asymmetrical, continuous distributionb. A symmetrical, continuous distributionc. An asymmetrical, discrete distributiond. A symmetrical, discrete distributionAnswersQ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15A b c c a c c c b d d d b b c aRL1 sample questions v1.0 9th March 2009