QUESTION
• List and explain in detail the eight basic steps of structured risk management
• Stakeholder analysis is based on three dimensions. What are they and how do they affect the project
• Discuss the five purposes of the implementation step
• Can you define brainstorming and how it is important in risk identification?
• How can heuristics be useful in dealing with uncertainty?
• What are the eight benefits of a common process to manage both threats and opportunities?
• There are different responses to threats and opportunities, and one that is used for both. What are they and how are they defined?
• There are two basic types of reviews. What are they and how do we use them?
• Business risk includes the inherent chances of two elements. Can you name both?
• Project size is important in the development of a structured risk management process. Why?
• What are the goals of the identification and implementation steps?
• Is all risk bad?
• What is secondary risk?
• Define enterprise environmental factors
• Who is a risk owner and what is the risk owner's function in the structured risk management process?
• How do we show the status of the risks in the final risk register?
• What two categories do we focus on in the risk identification step?
• What are the four critical success factors for effective risk management?
• What is the difference between risk and uncertainty?