Chapter 9 Risk Management

Question 0

Inputs to plan risk management process?

Answer 0

PMP
Project charter
Stakeholder register
OPA
EEF

Question 1

4 ways to deal with risks?

Answer 1

Avoid
Mitigate
Transfer
Accept

Question 2

Tools of plan risk management process?

Answer 2

Expert judgement
Analytical tool
Meetings

Question 3

Outputs of plan risk management process?

Answer 3

Risk management plan

- risk breakdown structure

Question 4

Processes of risk management

Answer 4

1. Plan risk management
2. Identify risk - gather team create list using RBS
3. Perform qualitative risk analysis - assign prob & impact on each risk
4. Perform quantitative risk analysis - assign $ value to prob & impact
5. Plan risk response - decide whether to avoid, mitigate, transfer or accept