Risk Aggregation Guidelines
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Questions and Answers

What should be considered when aggregating risk according to the guidelines?

  • Aggregating risk in multiple dimensions (correct)
  • Aggregating different types of data
  • Obscuring actionable details
  • Focusing on risk that is easy to measure but less relevant

    • Why should entities only aggregate like data?

  • To make the aggregation process more complex
  • To ensure consistency and meaningful aggregation (correct)
  • To focus on unreal risk
  • To increase business impact

    • What is the suggested approach for focusing on risk?

  • Aggregating different types of data
  • Focusing on risk that is easy to measure but less relevant
  • Avoiding obscuring actionable details (correct)
  • Not focusing on real risk

    • Why is it important to aggregate risk at the enterprise level?

    <p>To consider in combination with all other risks the enterprise needs to manage</p> Signup and view all the answers

    What should be visible to those responsible for managing risks?

    <p>Root cause of risk</p> Signup and view all the answers

    What is the purpose of a risk response plan?

    <p>To outline the requirements for implementing the approved risk response strategy</p> Signup and view all the answers

    Who should run a risk response plan as a project?

    <p>The project manager</p> Signup and view all the answers

    What is used to determine the critical path of a project?

    <p>The end date of the project</p> Signup and view all the answers

    What does a risk response plan need to consider regarding project delays?

    <p>Feasibility of project dates</p> Signup and view all the answers

    What is outlined in a risk response plan?

    <p>Detailed action and tasks for implementation</p> Signup and view all the answers

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