Get premium membership and access questions with answers, video lessons as well as revision papers.
- Methodology – approaches (process steps), tools, and data sources that may be used to perform risk management
- Roles and responsibilities to manage risks throughout the entire project
- Budgeting for risk management activities (mitigation strategies)
- Timing of risk management activities (how often are the risks reviewed, when will mitigation strategies be implemented)
- Risk categories – high level used during identification (Technology, Customers, Performance, etc.)
- Risk probability and impact scales (very likely to very unlikely 5 levels) or (just three low, medium, high) these scales need to be defined for consistency across projects and project managers
- Format for the risk register and its use; how are risks communicated and tracked
francis1897 answered the question on March 14, 2023 at 09:33
- Describe the risk management planning processes(Solved)
Describe the risk management planning processes
Date posted: March 14, 2023. Answers (1)
- Describe the concept risk utility(Solved)
Describe the concept risk utility
Date posted: March 14, 2023. Answers (1)
- What are the reasons for risk management?(Solved)
What are the reasons for risk management?
Date posted: March 14, 2023. Answers (1)
- What is the importance of project risk management?(Solved)
What is the importance of project risk management?
Date posted: March 14, 2023. Answers (1)
- Define the term risk management(Solved)
Define the term risk management
Date posted: March 14, 2023. Answers (1)
- Describe the time and cost planning process(Solved)
Describe the time and cost planning process
Date posted: March 14, 2023. Answers (1)
- What is the cost budgeting process?(Solved)
What is the cost budgeting process?
Date posted: March 14, 2023. Answers (1)
- Describe the cost estimating process(Solved)
Describe the cost estimating process
Date posted: March 14, 2023. Answers (1)
- Discuss the basic principles of cost management(Solved)
Discuss the basic principles of cost management
Date posted: March 14, 2023. Answers (1)
- Briefly describe the cost management planning processes(Solved)
Briefly describe the cost management planning processes
Date posted: March 14, 2023. Answers (1)
- Define the term cost management planning(Solved)
Define the term cost management planning
Date posted: March 14, 2023. Answers (1)
- Describe the Gantt chart(Solved)
Describe the Gantt chart
Date posted: March 14, 2023. Answers (1)
- How can you level benefits?(Solved)
How can you level benefits?
Date posted: March 14, 2023. Answers (1)
- What are the resource leveling activities?(Solved)
What are the resource leveling activities?
Date posted: March 14, 2023. Answers (1)
- Describe the resource loading and leveling as a tool used for schedule development(Solved)
Describe the resource loading and leveling as a tool used for schedule development
Date posted: March 14, 2023. Answers (1)
- Describe the critical chain scheduling as a tool used for schedule development(Solved)
Describe the critical chain scheduling as a tool used for schedule development
Date posted: March 14, 2023. Answers (1)
- State the importance of updating critical path data(Solved)
State the importance of updating critical path data
Date posted: March 14, 2023. Answers (1)
- State some of the techniques used for shortening a project schedule (Schedule Analysis)(Solved)
State some of the techniques used for shortening a project schedule (Schedule Analysis)
Date posted: March 14, 2023. Answers (1)
- Define the methods used to find the critical path(Solved)
Define the methods used to find the critical path
Date posted: March 14, 2023. Answers (1)
- Describe the Critical Path Method (CPM) as a tool used for schedule development.(Solved)
Describe the Critical Path Method (CPM) as a tool used for schedule development.
Date posted: March 14, 2023. Answers (1)