Reactice Risk Management Flashcards
1
Q
Reactive risk management
A
project team reacts to risks when they occur
Never worry about problems until they
happen
2
Q
Mitigation
A
plan for additional resources in anticipation of
fire fighting
3
Q
Fix on failure
A
resource are found and applied when the risk
strikes
4
Q
Crisis management
A
failure does not respond to applied resources and project is in jeopardy
5
Q
Proactive RM
A
Properly identify the potential risks, assess their probability and impact,
rank their importance.
Objective is to avoid risk.
Develop contingency plan to control the risk in effective manner**.
