Flashcards
11.1 Flash Cards (risk mgt)
Cards in this deck (10)
- 1Overall project riskindividual risks, representing the exposure of stakeholders to the implications of variations in project
outcome, both positive and negative. - 2Individual project riskis an uncertain event or condition that, if it occurs, has a positive or negative effect on
one or more project objectives. - 3Ambiguity riskUncertainty exists about what might happen in the future.
- 4What is? uncertainty exists about some key characteristics of a planned event or activity or decision.Variability risk.
- 5Project Charter, Project management plan, project documents, enterprise environmental factors and organizational process assetsInputs
- 6Tools and Techniques(1) Expert Judgment
(2) Data Analysis
(3) Meetings - 7OutputsRisk Management Plan
- 8Positive Riska condition or situation favorable to the project that, if it occurs, will have a positive impact on any of your project objectives.
- 9Negative Riskalways harm your project; therefore, it is necessary for you to manage them accordingly.
- 10project team member who is assigned the responsibility of ensuring that the risk response is effective, and to plan additional risk response if required.Risk Owner