_____ is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions.
Interviewing
_____ applies to positive risks when the project team cannot or chooses not to take any actions toward a risk.
Risk acceptance
_____ are/is a qualitative risk analysis tool that maintains an awareness of risks throughout the life of a project in addition to identifying risks.
Top Ten Risk Item Tracking
What is the first step in a Monte Carlo analysis?
Assess the range for the variables being considered.
_____ involves eliminating a specific threat, usually by eliminating its causes.
Risk avoidance
_____ involves numerically estimating the effects of risks on project objectives.
Performing quantitative risk analysis
_____ involves monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies throughout the life of the project.
Controlling risk
Identifying risks is a subprocess of the _____ process of project risk management
planning
A(n) _____ is a diagramming analysis technique used to help select the best course of action in situations in which future outcomes are uncertain.
decision tree
_____ are unplanned responses to risk events used when project teams do not have contingency plans in place.
Workarounds
The _____ lists the relative probability of a risk occurring and the relative impact of the risk occurring.
probability/impact matrix
_____ involves deciding how to approach and plan the risk management activities for the project.
Planning risk management
_____ involves taking steps to enhance opportunities and reduce threats to meeting project objectives.
Planning risk responses
_____ involves reducing the impact of a risk event by reducing the probability of its occurrence
Risk mitigation
_____ involves shifting the consequence of a risk and responsibility for its management to a third party.
Risk transference
_____ involves allocating ownership of the risk to another party.
Risk sharing
A _____ person achieves a balance between risk and payoff.
risk-neutral
Unenforceable conditions or contract clauses and adversarial relations are risk conditions associated with the project _____ management knowledge area.
procurement
A _____ is a technique used to show the effects of changing one or more variables on an outcome.
sensitivity analysis
_____ risks refer to those that are direct results of implementing risk responses.
Secondary
Which diagramming technique is used to help select the best course of action in situations where future outcomes are uncertain?
Glossary | |
Decision tree | A diagramming analysis technique used to help select the best course of action when future outcomes are uncertain. |
Delphi technique | An approach used to derive a consensus among a panel of experts to make predictions about future developments. |