Certificate PMP Exam Prep (Tips & Tricks) Flashcards on 9. Risk Management (Rita's), created by Tuan Lam on 12/21/2015.
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Created by Tuan Lam
over 8 years ago
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When do risk identification and risk response happen?
What are "Risk Categories"
Who should be involved in risk identification?
What is the most important output of various risk management processes?
Is the content of Risk Register different from time to time?
When are responses documented?
What can the Qualitative risk analysis be used for?
Qualitative vs Quantitative?
What does Monte Carlo analysis achieve?
Decision tree?
When suggested changes happen?
Can risk identification be done without knowing enough about the project?
Can padding be a replacement for risk management processes?
Can identified risks be general?
Can a costly fact be a risk?
Is using one method to identify risks enough?
What is the best thing to do to determine a response strategy?
Should contracts be signed before risks are discussed?
Risk event's probability: 90% and the cost is $10,000. What does $9,000 represent?
A project: 60% of $100,000 profit and 40% of $100,000 loss. What does $20,000 represent?
If you know the risk tolerances, what do you use the info for?
