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Risk Management Process Overview
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Risk Management Process Overview

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Questions and Answers

What is the first stage of the risk management process?

  • Risk identification (correct)
  • Risk monitoring
  • Risk planning
  • Risk analysis

    • Which of the following is a possible technology risk according to the text?

  • Inefficient software code generation tools (correct)
  • Lack of project budget
  • Organization restructuring
  • Customer misunderstanding

    • What does risk planning involve in the risk management process?

  • Proposing changes to requirements
  • Drawing up plans to avoid or minimize risk effects (correct)
  • Recruiting staff with required skills
  • Monitoring risks throughout the project

    • A possible organizational risk mentioned in the text is:

    <p>Restructuring management responsibilities</p> Signup and view all the answers

    What is a requirement risk mentioned in the text?

    <p>Customers failing to understand requirements impact</p> Signup and view all the answers

    In which stage of the risk management process are risks assessed for likelihood and consequences?

    <p>Risk analysis</p> Signup and view all the answers

    Which of the following is a people risk according to the text?

    <p>Unavailable required training for staff</p> Signup and view all the answers

    "Reusable software components containing defects that cannot be reused as planned" is an example of a ___________ risk.

    <p>&quot;Tools&quot;</p> Signup and view all the answers

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