Risk Flashcards
1
Q
How is risk assessed and what is the risk management process?
A
Probability and Impact
Identify, Analyse likelihood, Evaluate impact, prioritise, action plan
2
Q
Different types of risk?
A
Business: Criminal, Legislation, Pressure groups
Commercial: Exchange rates, IP, Contracts, Garuntees
Project: Resources (human/physical), Technical (novelty/complexity/process), Programme
