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Risk Management Quiz

Risk information sheets (RIS) are never an acceptable substitute for a full risk mitigation, monitoring, and management (RMMM) plan.

Hazard analysis focuses on the identification and assessment of potential hazards that can cause

Risk monitoring involves watching the risk indicators defined for the project and not determining the effectiveness of the risk mitigation steps themselves.

An effective risk management plan will need to address which of the following issues?

The reason for refining risks is to break them into smaller units having different consequences.

Which factors affect the probable consequences likely if a risk does occur?

A risk referent level is a risk component value (performance, cost, support, schedule) or combination of values that cause a project to be terminated.

Individual team members can make their own estimate for a risk probability and then develop a consensus value.

Risk tables are sorted by

Risk projection attempts to rate each risk in two ways

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