PMF06052014 Flashcards

0
Q

IDENTIFYING RISK

Q. If you don’t ___ for how you deal with them, you ended up putting up fires, which can cause project time and money and increase the pressure on your people

A

plan

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1
Q

IDENTIFYING RISK

Q. Every project faces ____

A

Risk

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2
Q

IDENTIFYING RISK

Q. A ____ is the tool you use to plan for the risk you might encounter

A

Risk Management Plan

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3
Q

IDENTIFYING RISK

Q. With the Risk Management Plan in place, you already decided how to ____ when risk become reality

A

Respond

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4
Q

IDENTIFYING RISK

Q. So you are ready to make informed and prudent ____

A

Decision

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5
Q

IDENTIFYING RISK

Q. To build Risk Management Plan, first ____ your project faces

A

Identify the risk

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6
Q

IDENTIFYING RISK

Q. Risk you are aware of are called ___

A

Known Unknowns

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7
Q

IDENTIFYING RISK

Q. Risk that can be ____ such ad cancelled flights

A

Predicted

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8
Q

IDENTIFYING RISK

Q. To help you get started, here are some examples of things that can introduce risks to projects:

___ might not work the way it was supposed to, cost more than you expect, or not show up when you need it

A

Technology

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9
Q

IDENTIFYING RISK

Q. ____located in different areas can increase risk, such as delays due to time zone differences, miscommunication due to different languages, or cultural differences

A

Team members

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10
Q

IDENTIFYING RISK

Q. Lack of teamwork because remote team members cannot develop effective ____

A

Working relationship

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11
Q

IDENTIFYING RISK

Q. Lack of ___ such as specifics on deliverables, due dates, or who will work on your project, can lead to all sorts of problems

A

Details

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12
Q

IDENTIFYING RISK

Q. Limited ___ such as needing people with rare skills, increase risk because you don’t have alternatives if the problem arises

A

Options

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13
Q

IDENTIFYING RISK

Q. Ask your ____. Work everyone on your ____ to identify risks

A

Team

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14
Q

IDENTIFYING RISK

Q. Talk to the ___ from different parts of the project about the risk they foresee. What risk do you predict?

A

Experts

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15
Q

IDENTIFYING RISK

Q. Ask ____ on the project what they think

A

Key people

16
Q

IDENTIFYING RISK

Q. What problems have you dealt with in the ____

A

Past

17
Q

IDENTIFYING RISK

Q. Ask other project managers about risks from similar ____

A

Projects

18
Q

IDENTIFYING RISK

Q. Fill out a ____ with what you know about each risks you identify

A

Risk Information Sheet

19
Q

IDENTIFYING RISK

Q. ____ specifics about the risk (for example, which tasks are affected, what objectives are endangered, what the consequences are, and so on)

A

Document

20
Q

IDENTIFYING RISK

Q. Up until now, we’ve covered identifying risks, we can ___ but what do you do about the risk you cannot foresee?

A

Anticipate

21
Q

IDENTIFYING RISK

Q. What about the risk you cannot ___

A

Predict

22
Q

IDENTIFYING RISK

Q. They are called ____ or unpredictable risks

A

Unknown unknowns

23
Q

IDENTIFYING RISK

Q. These risks come from situations that are so out of this world that they never occur to you

A

Unknown unknowns

24
Q

IDENTIFYING RISK

Q. For example, prior to the invention of personal computers, manufacturers of typewriters probably didn’t foresee ___ to their business

A

Risk

25
Q

IDENTIFYING RISK

Q. Because you can’t identify these risk, you handle them by setting aside ___ for dealing with them like having an insurance policy

A

Contingency funds

26
Q

IDENTIFYING RISK

Q. ____are commonly used method for responding to small risks and the unknown unknown risks you cannot foresee

A

Contingency funds

27
Q

IDENTIFYING RISK

Q. Reserve money and/or time , set aside for ____

A

Risk

28
Q

IDENTIFYING RISK

Q. The question is, how much should you ___

A

Set aside

29
Q

IDENTIFYING RISK

Q. Many companies use a percentage of the project budget but the percentage used is typically based on ___

A

Past experiences

30
Q

IDENTIFYING RISK

Q. Now that you identified risks your project may have, you need to ____ those risks and determine how you plan to respond to them if they occur

A

Evaluate