PRM chapter 11

In many ways, risk management is like a form of insurance.

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There are ten major processes involved in risk management.

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The Unfinished Voyages study showed that competent staff was the most important of the project’s success criteria factors.

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On the McFarlan questionnaire, high scores warn you that high risk is involved.

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The issue of whether hardware, software, and networks function properly is a market risk question.

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A review of historical information related to risks on similar projects is an important input to the risk identification process.

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Experiencing unenforceable conditions or contract clauses is a risk condition associated with the communications knowledge area.

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The psychology literature shows that individuals, working alone, produce a greater number of ideas than the same individuals produce through brainstorming in small face-to-face groups.

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In all projects for which you want a profit, the lower the EMV, the better.

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Secondary risks are a direct result of implementing a risk response.

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