Chapter Quiz: Financial Risk Management
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Question 1 of 15
1. Question
What is the primary goal of financial risk management in project management?
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Question 2 of 15
2. Question
Which of the following is a common financial risk in projects?
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Question 3 of 15
3. Question
What does qualitative risk analysis involve?
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Question 4 of 15
4. Question
Which of the following is a technique for quantifying financial risks?
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Question 5 of 15
5. Question
What is the purpose of maintaining a contingency fund in financial risk management?
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Question 6 of 15
6. Question
Which financial risk management strategy involves transferring risk to a third party?
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Question 7 of 15
7. Question
What is sensitivity analysis used for in financial risk management?
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Question 8 of 15
8. Question
Why is it important to adjust financial forecasts during a project?
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Question 9 of 15
9. Question
What is the first step in financial risk management?
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Question 10 of 15
10. Question
Which of the following is a strategy for reducing financial risks in a project?
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Question 11 of 15
11. Question
Financial risk management is only necessary when a project is over budget.
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Question 12 of 15
12. Question
Monte Carlo simulations are used to estimate the potential financial impact of risks.
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Question 13 of 15
13. Question
Risk transfer involves passing the financial risk to another party through contracts or insurance.
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Question 14 of 15
14. Question
Sensitivity analysis helps project managers estimate the probability of a risk occurring.
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Question 15 of 15
15. Question
A contingency fund is unnecessary if all financial risks are identified and mitigated.
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