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Flashcards in Control Risks Deck (8)
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1

What is the purpose of Control Risks?

Process of implementing risk response plans, tracking identified risks, and evaluating risk process effectiveness throughout the project.

2

What are the tools and techniques to Control Risks?

1) Risk Reassessment, 2) Risk Audits, 3) Variance and Trend Analysis, 4) Technical Performance Measurement, 5) Reserve Analysis, 6) Meetings

3

What is Risk Reassessment?

Identify and reassess risks as the project proceeds.

4

What is Risk Audit?

Examine and document the effectiveness of risk responses.

5

What is Variance and Trend Analysis?

Compare planned results to actual results.

6

What is Technical Performance Measurement?

Compare planned technical results to the actual results.

7

What is Reserve Analysis?

Compare the amount of contingency reserves left to the amount of risk remaining.

8

What is Workaround?

Used only when an unidentified (unknown-unknown) risk event occurs.