Chapter 20 - Conclusions

BestPerformingLeopard avatar
BestPerformingLeopard
·
·
Download

Start Quiz

Study Flashcards

Questions and Answers

What has led to more competitive business conditions?

Privatization as a government policy

What has contributed to exposing poor risk management practices in the corporate world?

Global financial crisis of 2008

What has resulted in more focused public policy development in the area of risk management?

Increased public expectations of good risk management

What has implications in terms of the greater consequences of any failure in projects?

<p>Trend towards bigger and bigger projects</p> Signup and view all the answers

What has led to more extensive regulatory regimes?

<p>Public expectations of good risk management</p> Signup and view all the answers

What has been paid increasing attention to in the context of risk?

<p>Psychological cognitive, affective, and behavioral aspects of risk</p> Signup and view all the answers

What has resulted in more serious risk impacts and consequences?

<p>Trend towards bigger and bigger projects</p> Signup and view all the answers

What has driven the more focused public policy development in risk management?

<p>Public expectations of good risk management</p> Signup and view all the answers

What has led to more competitive business conditions?

<p>Privatization as a government policy</p> Signup and view all the answers

What has implications in terms of the greater consequences of any failure in projects?

<p>Trend towards bigger and bigger projects</p> Signup and view all the answers

What has contributed to exposing poor risk management practices in the corporate world?

<p>Global financial crisis of 2008</p> Signup and view all the answers

What has been the shift in tertiary curricula regarding risk and risk management?

<p>Incorporating courses from postgraduate to undergraduate degrees</p> Signup and view all the answers

What is a concern associated with the over-reliance on 'black box' techniques in risk management?

<p>Excessive 'copy and paste' entry of risk information</p> Signup and view all the answers

What is the future of risk management focused on according to the text?

<p>Leadership and management</p> Signup and view all the answers

What is likely to drive the growth in the extent of project risk management application?

<p>Persuasive arguments of a sound business case</p> Signup and view all the answers

What technique is likely to be developed for auto-detection of project risks?

<p>Relational databases associated with computerized project management systems</p> Signup and view all the answers

What is a concern associated with the outputs of risk-based models?

<p>Not sufficiently understood</p> Signup and view all the answers

What is the shift in course delivery in tertiary curricula regarding risk and risk management?

<p>Widened from narrow mathematically based engineering to management and sociology degree programmes</p> Signup and view all the answers

What is observable regarding the continuing commitment to the PRMS?

<p>Lack of continuing commitment (system decay)</p> Signup and view all the answers

What is the future project risk management likely to include for detection of project risks?

<p>Virtual reality simulation techniques harnessed to AI algorithms</p> Signup and view all the answers

What is a concern associated with the system misuse in risk management?

<p>Excessive ‘copy and paste’ entry of risk information</p> Signup and view all the answers

What is the over‐reliance on in contemporary PRMSs according to the text?

<p>‘Black box’ techniques</p> Signup and view all the answers

What is the future of risk management focused on according to the text?

<p>Leadership and management</p> Signup and view all the answers

More Quizzes Like This

Use Quizgecko on...
Browser
Browser