Risk mgmt- PROCESS Flashcards

1
Q

Plan risk mgmt

A

PG- Planning , KA- Risk
Desc- Creates the how to document for risk mgmt on the project.
Key outputs
-Risk mgmt plan

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2
Q

Identify risk

A
PG- Planning , KA- Risk
Desc- Identifies threats and opportunities for project objectives.
2Key outputs
-Risk register
-Risk report
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3
Q

Perform qualitative risk analysis

A

PG- Planning , KA- Risk
Desc- Rank risk for additional evaluation
Key outputs
-Updated documents to include the risk register and risk report

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4
Q

Perform quantitative risk analysis

A

G- Planning , KA- Risk
Desc- Quantitatively analysis risk and evaluates the effect on project objectives
key outputs
Updated docs to include the risk register and risk report.

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5
Q

Plan risk responses

A

PG-Planning, KA- Risk
Desc- Develops strategies to enhance opportunities and reduce threats to project objectives.
Key outputs
-Updated docs to include the risk register and risk report.
-Change request

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6
Q

Implement risk responses

A

PG-Planning, KA- Risk
Desc- Implements risk response plans
Key outputs
-change requests

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7
Q

Monitor risk

A
PG-Planning, KA- Risk
Desc-Monitors risk strategies and makes adjustments as required.
2 key outputs
-Work performance information
-Change requests
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