Risk Process

Question 1

Plan Risk Management

Answer 1

Process Group: planning
Knowledge Area: risk
Description: created the how to document for risk management on the project
Key Outputs: the risk management plan

Question 2

Identify Risks

Answer 2

Process Group: planning
Knowledge Area: risk
Description: identifies threats and opportunities to project objectives
Key Outputs: risk register, risk report

Question 3

Perform Qualitative Risk Analysis

Answer 3

Process Group: planning
Knowledge Area: risk
Description: rank risk for additional evaluation
Key Outputs: updated documents to include risk register and risk report

Question 4

Perform Quantitave Risk Analysis

Answer 4

Process Group: planning
Knowledge Area: risk
Description: quantitatively analyzes risks and evaluates the effect of project objectives
Key Outputs: updated documents to include risk register and risk report

Question 5

Plan Risk Responses

Answer 5

Process Group: planning
Knowledge Area: risk
Description: develops strategies to enhance opportunities to reduce threats to project objectives
Key Outputs: updated documents to include risk register and risk report, change request

Question 6

Implement Risk Responses

Answer 6

Process Group: executing
Knowledge Area: risk
Description: implements risk response plans
Key Outputs: change request

Question 7

Monitor Risk

Answer 7

Process Group: M&C
Knowledge Area: risk
Description: monitors risk strategies and makes adjustments as required
Key Outputs: work performance information, change request