The 1983 report"A Nation At Risk"cited as example of the decline of educational standards（）A、high rates of adult illiteracyB、declining SAT scoresC、low scores of American students in key subjects as compared with scores of students of other countriesD、All

122 The profitability and technical data studies are provided in report format to owners and funders for acceptance. This type of report, used to solicit funding, is referred to as a(n) _____.

A. Project feasibility study.

B. Economic evaluation analysis.

C. Risk management manual.

D. Prospectus.

E. None of the above

113 Screening of risk events for potential risk is known as _____ .

A. problem structuring.

B. risk identification

C. risk quantification

D. risk modeling

E. risk mitigation

The（）process analyzes the effect of risk events and assigns a numerical rating to those risks.（）A．Risk Identification B．Quantitative Risk AnalysisC．Qualitative Risk Analysis D．Risk Monitoring and Control

Workarounds are determined during which risk management process? （75）.

A. Risk identification

B. Quantitative risk analysis

C. Plan risk responses

D. Risk monitoring and control

196 Giving a part of project work to a contractor is an example of:

A. risk mitigation

B. risk assignment

C. risk delegation

D. risk deflection

E. risk assumption

2 The risk committee at Southern Continents Company (SCC) met to discuss a report by its risk manager, Stephanie

Field. The report focused on a number of risks that applied to a chemicals factory recently acquired by SCC in another

country, Southland. She explained that the new risks related to the security of the factory in Southland in respect of

burglary, to the supply of one of the key raw materials that experienced fluctuations in world supply and also an

environmental risk. The environmental risk, Stephanie explained, was to do with the possibility of poisonous

emissions from the Southland factory.

The SCC chief executive, Choo Wang, who chaired the risk committee, said that the Southland factory was important

to him for two reasons. First, he said it was strategically important to the company. Second, it was important because

his own bonuses depended upon it. He said that because he had personally negotiated the purchase of the Southland

factory, the remunerations committee had included a performance bonus on his salary based on the success of the

Southland investment. He told Stephanie that a performance-related bonus was payable when and if the factory

achieved a certain level of output that Choo considered to be ambitious. ‘I don’t get any bonus at all until we reach

a high level of output from the factory,’ he said. ‘So I don’t care what the risks are, we will have to manage them.’

Stephanie explained that one of her main concerns arose because the employees at the factory in Southland were not

aware of the importance of risk management to SCC. She said that the former owner of the factory paid less attention

to risk issues and so the staff were not as aware of risk as Stephanie would like them to be. ‘I would like to get risk

awareness embedded in the culture at the Southland factory,’ she said.

Choo Wang said that he knew from Stephanie’s report what the risks were, but that he wanted somebody to explain

to him what strategies SCC could use to manage the risks.

Required:

(a) Describe four strategies that can be used to manage risk and identify, with reasons, an appropriate strategy

for each of the three risks mentioned in the case. (12 marks)

A、reported

B、being reported

C、to be reported

D、to report

（）is the process of implementing risk response plans，tracking identified risks，monitoring residual risk，identifying new risk，and evaluating risk process effectiveness throughout the project.

A.Identity risks

B.Control risks

C.Plan risk responses

D.Plan risk management