Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is a risk in the context of project management?
What is a risk in the context of project management?
- A certain event that has a positive impact on a project
- An uncertain event or condition that has a positive or negative impact on a project (correct)
- A certain event that has a negative impact on a project
- A type of project objective
What is the purpose of risk assessment?
What is the purpose of risk assessment?
- To identify and analyze only external risks
- To identify and mitigate all risks
- To prioritize risks based on their likelihood
- To identify, analyze, and prioritize risks and develop strategies to mitigate or exploit them (correct)
What is one way to identify potential risks in a project?
What is one way to identify potential risks in a project?
- Conducting a post-project review
- Reviewing project documentation (correct)
- Developing a project schedule
- Conducting a feasibility study
What is the purpose of risk prioritization?
What is the purpose of risk prioritization?
Signup and view all the answers
What is risk mitigation?
What is risk mitigation?
Signup and view all the answers
What is one tool used in risk analysis?
What is one tool used in risk analysis?
Signup and view all the answers
What is the primary goal of project scope management?
What is the primary goal of project scope management?
Signup and view all the answers
What is the purpose of the Work Breakdown Structure (WBS) in project scope management?
What is the purpose of the Work Breakdown Structure (WBS) in project scope management?
Signup and view all the answers
What is the first step in the scope change control process?
What is the first step in the scope change control process?
Signup and view all the answers
What is risk mitigation?
What is risk mitigation?
Signup and view all the answers
What is opportunity exploitation in positive risk mitigation?
What is opportunity exploitation in positive risk mitigation?
Signup and view all the answers
What is the purpose of customer approval and reviews in project scope management?
What is the purpose of customer approval and reviews in project scope management?
Signup and view all the answers
Flashcards are hidden until you start studying
