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PMP 2024 Study Guide > Risk Management > Flashcards

Risk Management Flashcards

1
Q

What is the definition of Plan Risk Management?

A

This process defines how to conduct risk management activities for the project. It produces the risk management plan as the main output.

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2
Q

What are the inputs of Plan Risk Management?

A

Project Charter, Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets

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3
Q

What are the tools and techniques of Plan Risk Management?

A

Expert Judgment, Data Analysis, Meetings

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4
Q

What is the output of Plan Risk Management?

A

Risk Management Plan

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5
Q

What is the definition of Identify Risks?

A

This process identifies the individual risks and sources of risks that may impact the project. It produces the risk register and the risk report as the main outputs.

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6
Q

What are the inputs of Identify Risks?

A

Project Management Plan, Project Documents, Agreements, Procurement Documentation, Enterprise Environmental Factors, Organizational Process Assets

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7
Q

What are the tools and techniques of Identify Risks?

A

Expert Judgment, Data Gathering, Data Analysis, Interpersonal and Team Skills, Prompt Lists

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8
Q

What are the outputs of Identify Risks?

A

Risk Register, Risk Report

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9
Q

What is the definition of Perform Qualitative Risk Analysis?

A

This process prioritizes the identified risks based on their probability and impact on the project objectives. It produces the updates to the risk register and the risk report as the main outputs.

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10
Q

What are the inputs of Perform Qualitative Risk Analysis?

A

Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets

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11
Q

What are the tools and techniques of Perform Qualitative Risk Analysis?

A

Expert Judgment, Data Gathering, Data Analysis, Data Representation, Interpersonal and Team Skills

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12
Q

What are the outputs of Perform Qualitative Risk Analysis?

A

Project Documents Updates

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13
Q

What is the definition of Perform Quantitative Risk Analysis?

A

This process numerically analyzes the effect of the identified risks on the overall project objectives. It produces the updates to the risk register and the risk report as the main outputs.

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14
Q

What are the inputs of Perform Quantitative Risk Analysis?

A

Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets

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15
Q

What are the tools and techniques of Perform Quantitative Risk Analysis?

A

Expert Judgment, Data Gathering, Interpersonal and Team Skills, Representations of Uncertainty, Data Analysis

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16
Q

What are the outputs of Perform Quantitative Risk Analysis?

A

Project Documents Updates

17
Q

What is the definition of Plan Risk Responses?

A

This process develops strategies and actions to enhance the opportunities and reduce the threats to the project objectives. It produces the updates to the project management plan, the project documents, and the risk report as the main outputs.

18
Q

What are the inputs of Plan Risk Responses?

A

Project Management Plan, Project Documents

19
Q

What are the tools and techniques of Plan Risk Responses?

A

Expert Judgment, Data Analysis, Interpersonal and Team Skills, Strategies for Threats, Strategies for Opportunities, Contingent Response Strategies, Strategies for Overall Project Risk

20
Q

What are the outputs of Plan Risk Responses?

A

Change Requests, Project Management Plan Updates, Project Documents Updates

21
Q

What is the definition of Implement Risk Responses?

A

This process implements the agreed-upon risk response plans. It produces the work performance data and the change requests as the main outputs.

22
Q

What are the inputs of Implement Risk Responses?

A

Project Management Plan, Project Documents, Work Performance Data

23
Q

What are the tools and techniques of Implement Risk Responses?

A

Expert Judgment, Project Management Information System, Interpersonal and Team Skills

24
Q

What are the outputs of Implement Risk Responses?

A

Work Performance Information, Change Requests, Project Management Plan Updates, Project Documents Updates

25
Q

What is the definition of Monitor Risks?

A

This process tracks, reviews, and evaluates the effectiveness of the risk management processes and the risk response plans. It produces the work performance information, the change requests, and the updates to the project management plan, the project documents, and the risk report as the main outputs.

26
Q

What are the inputs of Monitor Risks?

A

Project Management Plan, Project Documents, Work Performance Data, Work Performance Reports

27
Q

What are the tools and techniques of Monitor Risks?

A

Data Analysis, Audits, Meetings

28
Q

What are the outputs of Monitor Risks?

A

Work Performance Information, Change Requests, Project Management Plan Updates, Project Documents Updates

PMP 2024 Study Guide (3 decks)

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