Risk Analysis and Management: Lecture 7

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Questions and Answers

What is the ultimate goal of Monitor and Control Risks?

  • Listing all project risks
  • Ignoring project risks
  • Staying current on project risk (correct)
  • Eliminating all project risks

What is the process of Risk Monitoring and Control?

  • Avoiding identified risks
  • Accepting identified risks
  • Neglecting identified risks
  • Tracking identified risks (correct)

What is Risk Reassessment in the context of Risk Monitoring and Control?

  • Avoiding new risks and reassessing existing risks
  • Identifying new risks and reassessing existing risks (correct)
  • Accepting new risks and reassessing existing risks
  • Ignoring new risks and reassessing existing risks

What is the purpose of the 'Watch List' in the context of Risk Monitoring and Control?

<p>Keeping track of risks listed on the Risk Register (D)</p> Signup and view all the answers

What does the process of Implementing Risk Response Plans involve in Risk Monitoring and Control?

<p>Taking necessary actions based on risk response plans (B)</p> Signup and view all the answers

What is the ultimate goal of the Monitor and Control Risks process?

<p>Staying current on project risk (C)</p> Signup and view all the answers

What does Risk Monitoring and Control involve in terms of identified risks?

<p>Tracking and monitoring identified risks (C)</p> Signup and view all the answers

What triggers the need for Reassessment of existing risks in Risk Monitoring and Control?

<p>Newly identified risks (C)</p> Signup and view all the answers

What is the purpose of the 'Watch List' in the context of Risk Monitoring and Control?

<p>Keeping track of risks listed on the Risk Register (B)</p> Signup and view all the answers

What is the key aspect of Risk Reassessment in Risk Monitoring and Control?

<p>Identifying new risks and reassessing existing ones (D)</p> Signup and view all the answers

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