1. _____ is used to assess risks by using a defined set of standard parameters, such as the likelihood of a risk happening, the severity of the risk, risk detection process, or mitigation plans.
A. Monte Carlo
B. Qualitative Risk Management
C. Probability and Impact Matrix
D. Quantitative Risk Management
2. Project audits provide an opportunity for the project manager and project team to uncover various issues, concerns, and challenges while the project is still in the execution phase. Which of the following would not be considered a key activity of a project audit?
A. Establishing the standards of the project audit
B. Ensuring the most popular risk management process is being followed
C. Collecting performance data
D. Reporting the results of the project audit