Podcast
Questions and Answers
What are the strategic options for PRMS implementation?
What are the strategic options for PRMS implementation?
- No implementation, standalone implementation, integrated implementation
- No implementation, phased implementation, full implementation
- Partial implementation, standalone implementation, integrated implementation
- No implementation, partial implementation, full implementation (correct)
What are the factors influencing strategic thinking about system separation?
What are the factors influencing strategic thinking about system separation?
- Organisational structure, organisational capacity, compliance requirements, operational processes (correct)
- Risk tolerance, risk appetite, risk mitigation, risk transfer
- Project size, project complexity, project duration, project team
- Project management tools, project management methodologies, project management software, project management techniques
What is the potential implication of implementing PRMS across all projects straightaway?
What is the potential implication of implementing PRMS across all projects straightaway?
- Improving operational efficiency
- Severely taxing the organisation's resilience (correct)
- Reducing project risks
- Enhancing the organization's flexibility
Why is the capacity to trial PRMS on different project phases of several projects unlikely to be feasible?
Why is the capacity to trial PRMS on different project phases of several projects unlikely to be feasible?
What aspects are covered by formal risk-based management systems at the organizational level?
What aspects are covered by formal risk-based management systems at the organizational level?
What does partial PRMS implementation involve?
What does partial PRMS implementation involve?
What is the default strategic position regarding PRMS implementation?
What is the default strategic position regarding PRMS implementation?
What does full PRMS implementation seek to achieve?
What does full PRMS implementation seek to achieve?
Why might an organization decide to rely on existing arrangements to embrace project risks?
Why might an organization decide to rely on existing arrangements to embrace project risks?
What might severely tax the organization's resilience?
What might severely tax the organization's resilience?
Why is it important to carefully consider the potential flow-on implications of PRMS implementation?
Why is it important to carefully consider the potential flow-on implications of PRMS implementation?
What is unlikely to be feasible unless the projects are short-term endeavors?
What is unlikely to be feasible unless the projects are short-term endeavors?
What is the primary focus of risk knowledge management strategies?
What is the primary focus of risk knowledge management strategies?
What is the key consideration for risk response and treatment options?
What is the key consideration for risk response and treatment options?
What should be avoided in risk knowledge capture strategies?
What should be avoided in risk knowledge capture strategies?
What is the primary purpose of PRMS maintenance and development?
What is the primary purpose of PRMS maintenance and development?
What is the focus of risk response and treatment options?
What is the focus of risk response and treatment options?
What is a key consideration for establishing RID tool preference strategies?
What is a key consideration for establishing RID tool preference strategies?
What is the primary focus of quantitative and qualitative risk analysis strategies?
What is the primary focus of quantitative and qualitative risk analysis strategies?
What is the primary focus of participation in PRM workshops?
What is the primary focus of participation in PRM workshops?
What should be avoided in strategic risk management to mitigate 'catastrophising'?
What should be avoided in strategic risk management to mitigate 'catastrophising'?
What is a key consideration for project contextualization?
What is a key consideration for project contextualization?
What is a key consideration for quantitative risk analysis strategies?
What is a key consideration for quantitative risk analysis strategies?
What is the focus of risk monitoring and control strategies during the project life cycle?
What is the focus of risk monitoring and control strategies during the project life cycle?
