ProjectRiskMgmt Tools_Techniques

Question 1

Plan Risk Management T&T

Answer 1

Planning meetings and analysis

Question 2

Identify Risks T&T

Answer 2

Documentation reviews, Information gathering techniques, Checklist analysis, Assumptions analysis, Diagramming techniques, SWOT analysis, Expert judgment

Question 3

Perform Qualitative Risk Analysis T&T

Answer 3

Risk probability and impact assessment, Probability and impact matrix, Risk data quality assessment, Risk categorization, Risk urgency assessment, Expert judgment

Question 4

Perform Quantitative Risk Analysis T&T

Answer 4

Data gathering and representation techniques, Quantitative risk analysis and modeling techniques, Expert judgment

Question 5

Plan Risk Responses T&T

Answer 5

Strategies for negative risks or threats, Strategies for positive risks or opportunities, Contingent response strategies, Expert judgment

Question 6

Monitor & Control Risks T&T

Answer 6

Risk reassessment, Risk audits, Variance and trend analysis, Technical performance measurement, Reserve analysis, Status meetings