Podcast
Questions and Answers
What is the conceptual definition of risk?
What is the conceptual definition of risk?
- An issue that has already occurred.
- An unavoidable problem in any project.
- A potential problem that might or might not happen. (correct)
- A certain problem that will happen.
What is the key characteristic of risk that distinguishes it from constraints?
What is the key characteristic of risk that distinguishes it from constraints?
- Inevitability of loss
- Certainty of occurrence
- Uncertainty of occurrence (correct)
- Guaranteed outcome
In risk categorization, what do technical risks threaten?
In risk categorization, what do technical risks threaten?
- The quality and timeliness of the software to be produced (correct)
- The project viability
- The project schedule and costs
- The business strategy of the company
Which type of business risk involves building a product that no one really wants?
Which type of business risk involves building a product that no one really wants?
What are known risks in risk management categorized by?
What are known risks in risk management categorized by?
What is the main goal of risk management?
What is the main goal of risk management?
What is the primary objective of proactive risk strategies?
What is the primary objective of proactive risk strategies?
What is the key difference between proactive and reactive risk strategies?
What is the key difference between proactive and reactive risk strategies?
What is the first step in the 8 Steps for Risk Management mentioned in the text?
What is the first step in the 8 Steps for Risk Management mentioned in the text?
How are risks typically ranked in the 8 Steps for Risk Management?
How are risks typically ranked in the 8 Steps for Risk Management?
What is the purpose of developing a contingency plan in risk management?
What is the purpose of developing a contingency plan in risk management?
What is the function of the Risk Item Checklist mentioned in the text?
What is the function of the Risk Item Checklist mentioned in the text?
