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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?

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

What should be visible to those responsible for managing risks?

Root cause of risk Signup and view all the answers

What is the purpose of a risk response plan?

To outline the requirements for implementing the approved risk response strategy Signup and view all the answers

Who should run a risk response plan as a project?

The project manager Signup and view all the answers

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

The end date of the project Signup and view all the answers

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

Feasibility of project dates Signup and view all the answers

What is outlined in a risk response plan?

Detailed action and tasks for implementation Signup and view all the answers

Risk Aggregation Guidelines

Choose a study mode

Podcast

Questions and Answers

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

Why should entities only aggregate like data?

What is the suggested approach for focusing on risk?

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

What should be visible to those responsible for managing risks?

What is the purpose of a risk response plan?

Who should run a risk response plan as a project?

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

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

What is outlined in a risk response plan?

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