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Project Management > Project Risk Management > Flashcards

Project Risk Management Flashcards

1
Q

What are the six sequential risk management processes?

A
  1. Plan Risk Management
  2. Identify Risks
  3. Perform Qualitative Risk Management
  4. Perform Quantitative Risk Management
  5. Plan Risk Responses
  6. Control Risks
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2
Q

What is Expected Monetary Value (EMV)?

A 
Calculation used to determine an overall ranking of risks
EMV = P x I
where
P = probability
I = impact
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Project Management (8 decks)

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