QUESTION

• List and explain in detail the eight basic steps of structured risk management

• Stakeholder analysis is based on three dimensions. What are they and how do they affect the project

• Discuss the five purposes of the implementation step

• Can you define brainstorming and how it is important in risk identification?

• How can heuristics be useful in dealing with uncertainty?

• What are the eight benefits of a common process to manage both threats and opportunities?

• There are different responses to threats and opportunities, and one that is used for both. What are they and how are they defined?

• There are two basic types of reviews. What are they and how do we use them?

• Business risk includes the inherent chances of two elements. Can you name both?

• Project size is important in the development of a structured risk management process. Why?

• What are the goals of the identification and implementation steps?

• Is all risk bad?

• What is secondary risk?

• Define enterprise environmental factors

• Who is a risk owner and what is the risk owner's function in the structured risk management process?

• How do we show the status of the risks in the final risk register?

• What two categories do we focus on in the risk identification step?

• What are the four critical success factors for effective risk management?

• What is the difference between risk and uncertainty?