1. Risk Basics
Definitions
& Terms
Industry
Info
Risk Mgt.
Processes
Risk Mgt.
Planning
100
100
100
100
100
200
200
200
200
200
300
300
300
300
300
400
400
400
400
400
500
500
500
500
500

2. The reason why most people take negative risks by choice

3. What is for an opportunity?

4. Someone who has a high tolerance for risk – his/her satisfaction increases when more payoff is at stake

5. What is a risk seeker?

6. Someone who has a low tolerance for risk-his/her satisfaction decreases when more payoff is at stake

7. What is a risk averter?

8. A risk many people take, even though the odds of “success” are 50%

9. What is marriage?

10. Another term for risk utility

11. What is risk tolerance?

12. A discrete occurrence that may affect the project for better or worse

13. What is a risk event?

14. An uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives

15. What is risk?

16. A project management knowledge area with the goal of minimizing potential risks while maximizing potential opportunities

17. What is project risk management?

18. The meaning of the letters PMBOK

19. What is Project Management Body of Knowledge?

20. The meaning of the letters PMI

21. What is Project Management Institute?

22. 55% of these types of projects (that have significant cost or schedule overruns) did no risk management at all

23. What are runaway projects?

24. Within 10%, the percentage of IT projects that did some risk management

25. What is 38%?

26. The knowledge are with the lowest maturity rating

27. What is risk?

28. The most cited benefit from software risk management practices

29. What is anticipating/avoiding problems?

30. The Canadian grocery store chain that abandoned its two-year, $90 million ERP project, mostly due to organizational issues

31. What is Sobey’s?

32. The first major process in project risk management

33. What is risk management planning?

34. Risk management process that uses a probability and impact matrix to help determine risk ranking

35. What is qualitative risk analysis?

36. Monte Carlo simulation is a tool used in this risk management process

37. What is quantitative risk analysis?

38. Strategies for dealing with risks are developed during this risk management process

39. What is risk response planning?

40. The final risk management process

41. What is risk monitoring and control?

42. One of the inputs that should be available for performing risk management planning

43. What is a project charter, scope statement, project management plan, organization’s process assets, or environmental and organizational factors?

44. The main output produced as a result of risk management planning

45. What is a risk management plan?

46. The part of a risk management plan that describes who will lead and support the risk-related activities

47. What is the roles and responsibilities section?

48. The part of a risk management plan that describes when risk-related activities will be done

49. What is a the schedule section?

50. A way to show risk categories that looks like a work breakdown structure

51. What is a risk breakdown structure?