Flashcards in Control Risks Deck (8)
What is the purpose of Control Risks?
Process of implementing risk response plans, tracking identified risks, and evaluating risk process effectiveness throughout the project.
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
What is Risk Reassessment?
Identify and reassess risks as the project proceeds.
What is Risk Audit?
Examine and document the effectiveness of risk responses.
What is Variance and Trend Analysis?
Compare planned results to actual results.
What is Technical Performance Measurement?
Compare planned technical results to the actual results.
What is Reserve Analysis?
Compare the amount of contingency reserves left to the amount of risk remaining.