Reviewer Project Management - Project Risk Management

1. _____________________ is the art and science of identifying, analyzing, and responding to

risk.
2. _________________ helps improve project success.
3. ________________ involves understanding potential problems that might occur in the and
how they might impede project success.
4. ________________ risks that result in good things happening.
5. ________________________ is the amount of satisfaction or pleasure received from a
potential payoff.
6. _________________________ Deciding how to approach and plan the risk management
activities for the project.
7. __________________________ Determining which risks are likely to affect a project and
documenting the characteristics of each.
8. __________________________ Prioritizing risks based on their probability and impact of
occurrence.
9. __________________________ Numerically estimating the effects of risks on project
objectives.
10. __________________________ Taking steps to enhance opportunities and reduce threats to
meeting project objectives.
11. __________________________ Monitoring identified and residual risks, identifying new
risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies
throughout the life of the project.
12. _____________________ a plan that documents the procedures for managing risk.
13. Risk Management Plan -
14. Risk Management Plan -
15. Risk Management Plan -
16. Risk Management Plan -
17. Risk Management Plan -
18. Risk Management Plan -
19. ___________________ predefined actions that the project team will take if an identified risk
event occurs.
20. _____________ are developed for risks that have a high impact on meeting project
objectives.
21. Broad Categories of Risk -
22. Broad Categories of Risk -
23. Broad Categories of Risk -
24. Broad Categories of Risk -
25. Broad Categories of Risk -
26. _____________________ is a hierarchy of potential risk categories for a project.
27. ___________________ is the process of understanding what potential events might hurt or
enhance a particular project.
28. A Risk Identification technique that attempts to generate ideas or find a solution for a
specific problem by amassing ideas spontaneously. __________________
 29. A Risk Identification technique that is used to derive a consensus among a panel of experts
who make predictions about future developments. ___________________
30. A Risk Identification technique where Each individual silently writes her or his ideas on a
piece of paper
31. A Risk Identification technique which is a fact‐finding technique for collecting information in
face‐to‐face, phone, e‐mail, or instant‐messaging discussions.
32. A Risk Identification technique that Helps identify the broad negative and positive risks that
apply to a project.
33. A document that contains the results of various risk management processes. _____________
34. Specific, uncertain events that may occur to the detriment or enhancement of the project.
_________________
35. _________________ - Assess the likelihood and impact of identified risks to determine their
magnitude and priority.
36. A Qualitative risk identification tool/technique that lists the relative probability of a risk
occurring on one side of a matrix or axis. ______________
37. Numbers that represent the overall risk of specific events based on their probability of
occurring. ____________________
38. A Qualitative risk identification tool/technique that helps to identify risks and maintain an
awareness of risks throughout the life of a project. __________________
39. A Qualitative risk identification tool/technique that rely on the intuitive feelings and past
experience of experts. _______________________
40. Large, complex projects involving leading edge technologies often require extensive
quantitative risk analysis. ________________
41. A Quantitative Risk identification technique is used to help select the best course of action in
situations. ______________________
42. __________________________ is the product of a risk event probability and the risk event’s
monetary value.
43. A Quantitative Risk identification technique that uses a representation or model of a system
to analyze the expected behavior or performance of the system. __________________
44. ___________________ simulates a model’s outcome many times to provide a statistical
distribution of the calculated results.
45. A Quantitative Risk identification technique that used to show the effects of changing one or
more variables on an outcome. _____________________________
46. A Response for negative risk –
47. A Response for negative risk -
48. A Response for negative risk -
49. A Response for negative risk -
50. A Response for positive risks -
51. A Response for positive risks -
52. A Response for positive risks -
53. A Response for positive risks -
54. __________________ are unplanned responses to risk events that must be done when there
are no contingency plans.

p.s. sorry guys eto lang nagawa ko para sa project risk management :<
Answers:

1. Project Risk Management

2. Risk Management
3. Negative Risk
4. Opportunities
5. Risk Utility/Risk Tolerance
6. Risk management planning
7. Risk identification
8. Qualitative risk analysis
9. Quantitative risk analysis
10. Risk response planning
11. Risk monitoring and control
12. Risk management plan
13. Methodology
14. Roles and responsibilities
15. Budget and schedule
16. Risk categories
17. Risk probability and impact
18. Risk documentation
19. Contingency plans
20. Fallback plans
21. Market Risk
22. Financial Rusk
23. Technology Risk
24. People Risk
25. Structure/Process Risk
26. Risk breakdown structure
27. Risk identification
28. Brainstorming
29. The Delphi Technique
30. Nominal Group Technique
31. Interviewing
32. SWOT Analysis
33. Risk Register
34. Risk Events
35. Qualitative Risk Analysis
36. Probability/Impact Matrix
37. Risk Factors
38. The Top Ten List Item Tracking
39. Expert Analysis
40. Quantitative Risk Analysis
41. Decision Tree Analysis
42. Estimated monetary value (EMV)
43. Simulation
44. Monte Carlo analysis
45. Sensitivity Analysis
46. Risk Avoidance
47. Risk Acceptance
48. Risk Transference
49. Risk Mitigation
50. Risk Exploitation
51. Risk Sharing
52. Risk Enhancement
53. Risk Acceptance
54. Workarounds