Lesson 13: Risk management
Quiz
- What is an uncertain event or set of events that, should it occur, will affect the project?
- Can a risk positively impact a project, or does a risk have to be negative?
- Can excellent risk management ensure project success?
- Which document is a guideline on how risk management should be done during the project?
- Which are new risks likely to be captured during a project?
- Which document is mainly used to capture risks?
- Can a project be stopped due to a high level of risk?
- Risk
- A risk can have either a positive or negative impact on the project.
- No, there can be lots of reasons why projects do not succeed. Good risk management helps to increase the chances of project success.
- Risk management approach
- Risks can be captured at any time during a project and added to the “risk register.”
- Risk register
- Yes, i.e., At the start of the project, there was a 10% chance that government funding would not be provided. During the 2nd stage, it jumped to 80%, so the project should be stopped.
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