Risk Management Flashcards
Approaches to risk management identification include the following:
-Documentation Reviews
-[x]
-Types of Risk
-Checklist Analysis
-Assumptions Analysis
-Diagramming Techniques
Information Gathering Techniques
Approaches to risk management identification include the following:
-[x]
-Information Gathering Techniques
-Types of Risk
-Checklist Analysis
-Assumptions Analysis
-Diagramming Techniques
Documentation Reviews
In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-[x]
-Management
-Measurement
-Methods
-Machinery
-Materials
People
The [x] risk category includes regulatory, environmental, government, and market shifts.
external
In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-Management
-Measurement
-Methods
-[x]
-Materials
Machinery
The three inputs used to calculate the Risk Priority Number (RPN) in the FMEA are [x], [y], [z].
severity, likelihood, detection
Approaches to risk management identification include the following:
-Documentation Reviews
-Information Gathering Techniques
-[x]
-Checklist Analysis
-Assumptions Analysis
-Diagramming Techniques
types of risk
Approaches to risk management identification include the following:
-Documentation Reviews
-Information Gathering Techniques
-Types of Risk
-Checklist Analysis
-
-Diagramming Techniques
Assumption Analysis
In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-Management
-Measurement
-[x]
-Machinery
-Materials
Methods
Approaches to risk management identification include the following:
-Documentation Reviews
-Information Gathering Techniques
-Types of Risk
-Checklist Analysis
-Assumptions Analysis
-[x]
Diagramming Techniques
The [x] risk category includes time, cost, scope, changes, people, staffing, materials, equipment, and processes.
Internal
The [x] risk category includes changes in technology.
Technical
In Risk Response Planning, you [x] to allocate ownership of the opportunity to a third party (forming a partnership, team, or joint venture) that is best able to achieve the opportunity.
Share
In Risk Monitoring & Control, you conduct risk [x] to prove that all risks have been identified and have plans in place.
Audits
A qualitative risk management tool is the [x] and [y] which is a two axis matrix that incorporates a scale (low, medium, high or 1-5).
Probability, Impact
In Risk Response Planning, you [x] to add work or change the project to make sure the opportunity occurs.
Exploit
In Risk Response Planning, you [x] to make another party responsible for the risk through purchasing of insurance, performance bonds, warranties, guarantees, or outsourcing the work.
Transfer
In Risk Response Planning, you [x] to increase the likelihood, probability, and positive impacts of the risk event.
Enhance
The [x] risk category is typically a very small part of risk, about 10 percent.
Unforeseeable
In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-[x]
-Measurement
-Methods
-Machinery
-Materials
Management
In Risk Response Planning, you [x] to eliminate the threat by eliminating the cause.
Avoid
In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-Management
-[x]
-Methods
-Machinery
-Materials
measurement
In Risk Response Planning, you [x] to do nothing and say, “If it happens, it happens.”
Accept
In Risk Response Planning, you [x] to reduce the probability or the impact of the threat, thereby making it a smaller risk and removing it from the list of top risks on the project.
Mitigate
Approaches to risk management identification include the following:
-Documentation Reviews
-Information Gathering Techniques
-Types of Risk
-[x]
-Assumptions Analysis
-Diagramming Techniques
Checklist Analysis
In Risk Monitoring & Control, [x] meetings can be used to identify new risks and confirm that current plans are still appropriate.
Status
When conducting risk management identification, two types of risk are [x] (risk of gain or loss) and [y] (insurable - fire, theft, personal injury) risk.
Business, Pure
In risk management, the Cause & Effect / Ishikawa / Fishbone Diagram examines the potential sources of problems in the following categories:
-People
-Management
-Measurement
-Methods
-Machinery
-[x]
Material
In Risk Monitoring & Control, you use [x] for unplanned responses.
workarounds
