Project Risk Mgmt. Flashcards
1
Q
What does Risk Identification consist of?
A
-Identifying and documenting risks
-Creates a risk register
-Individual risks and overall risks
2
Q
What does SWOT Analyze?
A
Strengths, Weaknesses, Opportunities, and Threats.
3
Q
In Risk Management, what are the 2 types of analysis?
A
-Qualitative
-Quantitative
4
Q
What type of risk analysis does a high-level, subjective approach of analyzing each risk? This is done to make the determination if that risk should go on to additional analysis or manage it immediate.
A
Qualitative
5
Q
What type of risk analysis looks to quantify to get some real facts and figures to really quantify the probability and determine true impact should that risk event happen?
A
Quantitative
