18 Questions
What is a key preventive measure to ensure project continuity if staff members leave?
Ensure all team members are acquainted with current development activities
Which of the following is a proactive risk strategy mentioned in the text?
Maintaining documentation as per standards
What is a reactive risk strategy mentioned in the text?
Providing additional staff for critical activities
Which of the following is NOT part of a risk management plan according to the text?
Monitoring availability of jobs within and outside the organization
What is the objective of risk monitoring according to the text?
Both a) and b)
Which of the following is an example of a 'firefighting' activity according to the text?
Providing additional staff for critical activities
What is the primary purpose of the risk monitoring activities mentioned in the text?
To track the effectiveness of risk mitigation efforts
What is the main purpose of a Risk Information Sheet (RIS)?
To track the priority and status of individual risks
What is the difference between risk mitigation and risk monitoring as described in the text?
Risk mitigation is a problem avoidance activity, while risk monitoring is a project tracking activity.
What is the main purpose of the RMMM (Risk Mitigation, Monitoring, and Management) plan?
To document all work performed as part of risk analysis
What is the key difference between a formal RMMM plan and individual Risk Information Sheets (RIS) as described in the text?
RMMM plans define a comprehensive risk management strategy, while RIS focus on individual risks.
What is the primary purpose of the error tracking metrics discussed in the text?
To compare current error rates with past project data
Which of the following is a characteristic of a reactive risk strategy?
Corrective actions are taken only when the project encounters problems.
What is the primary objective of a proactive risk strategy?
To avoid risks through preventive measures.
Which of the following activities is not typically associated with a proactive risk strategy?
Engaging in firefighting activities to rapidly correct problems.
What is the purpose of a risk management plan in a proactive risk strategy?
To establish a systematic approach for identifying, analyzing, and controlling potential risks.
Which of the following statements best describes the concept of 'firefighting activities'?
Activities focused on rapidly correcting problems as they arise.
What is the primary difference between a reactive and a proactive risk strategy?
A reactive strategy involves taking corrective actions after risks occur, while a proactive strategy involves preventive measures before risks occur.
Learn about the different types of risk management strategies, including reactive and proactive approaches. Understand how reactive risk management involves taking corrective action when a project encounters trouble.
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