SIA Review Quiz 5

It is a type of danger that can result in the loss of capital to interested parties.

A tool/technique for identifying risk where a group attempts to generate ideas or find solution for a specific problem by analyzing ideas spontaneously and without judgment.

It is a diagramming analysis technique used to help select the best course of action when future outcomes are uncertain.

It pertains to the wrong people at the right position

It involves deciding how to approach and plan risk management activities for the project.

A project team planning a big project review meeting could take an active approach to risk by having a contingency or backup plan and contingency reserves if the team cannot get approval for a specific meeting site. What kind of response strategy for negative risk can be used in this situation?

An approach to gathering information that helps prevent some of the negative group effects found in brainstorming.

A person who is risk-_____________ receives greater satisfaction when more payoff is at stake and is willing to pay a penalty to take risks.

The amount of satisfaction or pleasure received from a potential payoff.

In project Risk management, it is the process where it involves prioritizing risk based on their probability and impact of occurrence.