Risk Word Scramble

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Question	Answer
What are the tailoring considerations for project risk management?	project size project complexity project importance development approach
what are the two primary Non-event risks?	Variability risk - Addressed through monte carlo analysis Ambiguity risk - Expert Judgment
involves managing organizational risks from a strategic perspective	Integrated Risk Management
The process of defining how to conduct risk management activities for a project	Plan risk management
the process of identifying individual project . risks as well as sources of overall project risk, and documenting their characteristics	identify risks
the process of prioritisings individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics	Perform Qualitative Risk Analysis
The process of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives	Perform Quantitative Risk Analysis
The process of developing options, selecting strategies, and agreeing on actions to address overall project risk exposure, as well as to treat individual project risks.	Plan Risk Response
the process of implementing agreed . upon risk response plans	Implement risk response
The . process of monitoring the implementation of agreed-upon risk response plans, tracking identified risks, identifying and analyzing new risks, and evaluating risk process effectiveness throughout the project	Monitor Risks
Is an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives	Individual Project Risk
Is the effect of uncertainty on the project as a whole, arising from all sources of uncertainty including individual risks, representing the exposure of stakeholders to the implications of variations in project outcome, both positive and negative.	Overall project risk
What are the main components of the risk management plan?	Risk Strategy Methodology Roles and Responsibilities Funding Timing Risk categories Stakeholder risk appetite Definitions of risk probability and impact probability and impact matrix Reporting formats tracking
examines the project from each of the strengths, weaknesses, opportunities, and threats perspectives	SWOT Analysis
What are the data analysis techniques used during identify risks process	Root Cause Analysis Assumptions and constraint analysis SWOT analysis Document Analysis
Is the process of prioritizing individual project risks for r further analysis or action by assessing their probability of occurrence and impact as well as other characteristics	Perform qualitative risk analysis
What are the data analysis techniques used during the perform qualitative risk analysis process ?	Risk data quality assessment Risk probability and impact assessment assessment of other risk parameters
Evaluates the degree to which the data about individual project risks is accurate	Risk Data Quality Assessment
considers the likelihood that a specific risk will occur, and the potential effect on one or more project objectives.	Risk Probability and Impact Assessment
Is the process of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives	Perform Quantitative Risk Analysis
Is the only reliable method to assess overall project risk through evaluating the aggregated effect on project outcomes of all individual project risks and other sources of uncertainty	Quantitative Risk Analysis
What are the main data analysis techniques used during the perform quantitative risk analysis	Simulations Sensitivity Analysis Decision tree analysis Influence diagrams
Helps to determine which individual project risks or other sources of uncertainty have the most potential impact on project outcomes	Sensitivity analysis
Used to support selection of the best of several alternative courses of action	Decision Tree Analysis
Graphical aids to decision making under uncertainty	Influence Diagrams
What are the five alternative strategies that may be considered for dealing with threats	Escalate Avoid Transfer Mitigate Accept
What are the five alternative strategies that may be considered for dealing with opportunities	Escalate Exploit Share Enhance Accept
What are the strategies for overall project risk	Avoid Exploit Transfer/share Mitigate/enhance Accept

Created by: Naser