Qualitative Risk Analysis Flashcards

1
Q

Step 1

A

Risk Management plan

simple document that outlines
how risks will be managed through the course of the project

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2
Q

Step 2

A

Risk register

risk register is central to capturing and maintaining the information
required to identify, assess, respond, and control your risks.
 Risk registers are commonly spreadsheets set up to track and assess risks.

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3
Q

Step 3

A

Risk Assessment, in which potential risks are identified

and then assessed for their potential impact on the project.

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4
Q

Step 4

A

develop your strategies to
manage individual risks based on the assessment.
 Commonly, these strategies are: Avoid, Transfer, Mitigate, or Accept.

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5
Q

Step 5

A

monitor and control risks.

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