Unit 7: Project Risk

What does Project Risk mean?

• One-time, Multi-task

• Problems that may or may not occur over the course of a project

• Acknowledge that something could wrong

Which answers below are part of the 5 Project Risks?

• Budget Creep

• Example

• Communication Issues

• Scope Creep

• Lack of Clarity

What does Risk Assessment mean?

• Process of planning and completing task.

• Acknowledge something could wrong.

• Technology to perform a range of repetitive task.

What is the primary goal of risk management?

• To eliminate all risks

• To maximize profits

• To identify and manage risks

• To ensure business stability only

What method would you use to manage, project not well-defined?

• Communication

• Lack of Clarity

• Scope Creep

• Poor Scheduling