Risk Management – Practice Questions
Q1: Decision tree analysis is a type ofA. Risk Response strategyB. A subset of EVM TechniqueC. A subset of EMV TechniqueD. A quantitative risk analysis and modeling technique Q2: You …
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What is the difference between Delphi Technique and Brainstorming?
In this Lounge Fever video, I am answering a subscriber question on the difference between Delphi Technique and Brainstorming RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD RISK MANAGEMENT: FAQshttp://bit.ly/RiskManagementFAQs VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe …
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What is a Risk Audit?
In this Lounge Fever video, I am answering a subscriber question on the topic of Risk Audit RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD RISK MANAGEMENT: FAQshttp://bit.ly/RiskManagementFAQs VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe SHOP FOR …
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Contingency and Management Reserves
Both Contingency and Management reserves are used to handle risks. Contingency Reserve Contingency Reserve is part of the project’s cost baseline. This amount is used for addressing risks that have …
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Risk Trigger
We have already discussed the concept of Watchlist. A watchlist is where low priority risks are tracked. With your project brimming with documentation, you may wonder why need a Watchlist …
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How do I find the Risk Categories of my Project?
In this Lounge Fever video, we try answer where you can find categories for your project risk RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD RISK MANAGEMENT: FAQshttp://bit.ly/RiskManagementFAQs VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe SHOP FOR …
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What is a Watchlist?
In this video, we are discussing what exactly is a Watchlist in Risk Management RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe SHOP FOR PMP AT AMAZON INDIAhttp://amzn.to/2xjhXlS
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Monitor Risks Process
So far you’ve done extensive risk planning. You have also implemented your risk responses but can you be one hundred percent sure that a new unidentified risk won’t show up? …
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Project Management Information System (PMIS)
Although PMIS is not a Risk Management related topic but covering this but covering it here since we have referred to PMIS in a couple of articles The most basic …
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Implement Risk Responses Process
This process was introduced in the PMBOK Guide Edition 6. It is the only process in the Executing Process Group. Below is the PG-KA mapping, As the name goes, this …
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