Risk mgmt- PROCESS

Question 1

Plan risk mgmt

Answer 1

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

Question 2

Identify risk

Answer 2

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

Question 3

Perform qualitative risk analysis

Answer 3

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

Question 4

Perform quantitative risk analysis

Answer 4

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.

Question 5

Plan risk responses

Answer 5

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

Question 6

Implement risk responses

Answer 6

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

Question 7

Monitor risk

Answer 7

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