Chapter 7 1 of 10

One common mistake made early in the risk identification process is to

focus on consequences and not on the events that could produce consequences.

The initial step in the risk management process is to

identify the risks.

Which of the following is NOT one of the steps in the risk management process?

Risk tracking

Which of the following groups should NOT be a part of the risk identification process?

All of these groups can be included in the risk identification process

After your team has successfully identified potential risks that could affect the project, what is the next step?

Assess identified risks

The cost impact of a risk event occurring as a project proceeds through its life cycle tends to

rise sharply.

Organizations use __________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk.

risk breakdown structures

The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented is known as

risk management.

An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a

risk.

The chances of a risk event occurring as a project proceeds through its life cycle tend to

slowly drop.