Risk Flashcards
What is Risk?
An uncertain event or
condition that if it occurs, has a positive or negative effect on a project’s objectives
Name some techniques used to identify risks
*Brainstorming
* The Delphi Technique
* Interviewing
* SWOT analysis
Describe Brainstorming
A technique by which a group attempts to spontaneously generate ideas without judgment in the presence of an experienced facilitator.
Describe the Delphi Technique
Used to derive a consensus among a panel of
experts who make predictions about future developments over repeated rounds.
It is independent and anonymous.
Describe the Interview Method of risk identification
Interviewing people with similar project experience via face-to-face, phone, e-mail, or instant-messaging discussions.
What does SWOT stand for?
Strengths, weaknesses, opportunities and threats
What are the two types of Risk Analysis?
Qualitative and Quantitative
