9E - Develop a Risk Response Plan Flashcards
1
Q
Methods that specify how to deal with risk scenarios that have a possible negative impact on the project.
A
negative risk strategies
2
Q
Methods that specify how to deal with risk scenarios that have a possible positive impact on the project.
A
positive risk strategies
3
Q
A risk response strategy developed in advance; it is meant to be used in the event that identified risks become reality.
A
contingent response strategy (contingency plan)
4
Q
Included in the contingent response strategy, this plan is implemented if the initial response strategy is ineffective in responding to the risk event.
A
fallback plan
5
Q
Risk response approach agreed upon by both the parties when procuring materials from a third party.
A
risk-related contract decisions
