Which of the following is incorrect in relation to conducting a risk assessment? Group of answer…

Which of the following is incorrect in relation to conducting a risk assessment?

Group of answer choices

With symmetric scales, both Probability and Impact are measure using the same scale

Risk Exposure = P (Probability) x Impact (I)

Asymmetric scales are desirable because they result in the duplication of scores leading to a more refined assessment of the risk event

The use of symmetric scales makes it difficult to distinguish between the relative importance of Probability and Impact

Question 2

Consider the following statement.

‘As result of inclement weather, it is possible that the foundation trenches related to a building project might flood, resulting in a delay to the project’

Which of the following is incorrect?

Group of answer choices

A delay to the project is the risk

Flooding of trenches is the risk

A delay to the project is the effect/outcome

Inclement weather is the cause

Question 31 pts

Question 3

Which of the following does not apply to ensuring meeting effectiveness?

Group of answer choices

Create opportunities in meetings for everyone to contribute effectively

Ensure that minutes are used to allocate responsibilities and are distributed after the meeting

Time-box (limit) meetings as much as possible

Ensure that meetings are always held in person as digital communication always leads to confusion in terms of what is expected

Question 4

When defining stakeholders, which of the following statements is most correct?

Group of answer choices

Stakeholders are individuals, groups or organisations that impact and are in impacted by one or more project objectives

Stakeholders are only external to the organisation

Stakeholder are individuals, groups or organisations that indirectly impact aspects of the project other than the project objectives

Stakeholders are limited to individuals, groups or organisations that directly impact one or more project objectives only

Question 5

Which of the following might intuitively NOT be considered to be a stakeholder within the context of a ‘pro-poor’ CSR project designed to achieve maximum social impact through unemployment alleviation?

Group of answer choices

Investors seeking maximum financial return

Suppliers

Communities

NGO service providers