Which of the following techniques is not used to manage Risks? Ensure risk mitigation plans are integrated with project plans Document the rationale used when closing a risk Ensure the executive sponsor weighs in on every risk in the register Enlist a liaison between IT and the business community to assist in addressing cultural risks.
Mar 28, 2018 · 28. Which of the following is not a risk management technique? Selected Answer: C. certification. Selected Answer : C. certification. Question 28 10 out of 10 points.
Aug 21, 2019 · 87. You are managing a software engineering project when two team members come to you with a conflict. The lead developer has identified an important project risk: you have a subcontractor that may not deliver on time. The team estimates that there is a 40% chance that the subcontractor will fail to deliver. If that happens, it will cost an additional $15,250 to pay …
Feb 05, 2017 · A) checklist approach B) discriminant analysis C) regression analysis D) Delphi technique ANSWER: D. D ) Delphi technique. 23. When quantifying country risk: A) weights should be equally allocated among factors. B) weights should be assigned to the political and financial factors according to their perceived importance.
The conventional risk management process is comprised of five distinct steps or activities: 1) Identify risks, 2) Quantify and analyze risks, 3) Evaluate treatment options, 4) Implement treatments, and 5) Monitor and make adjustments. Click again to see term 👆. Tap again to see term 👆. Nice work!
A simple risk map plots each individual risk as a Cartesian product of the severity and frequency of loss. Avoidance is a valid risk treatment when: The potential benefits of the risk can be proven to be unfeasible. Risk, by definition is the uncertainty and volatility of outcomes.
Avoidance makes sense when the losses are greater than the benefits. A risk manager who frequently uses avoidance for projects: A risk manager who frequently advocates avoidance may not be solicited for input because they may get a reputation for wanting to avoid risks too frequently.
A variation from the expected outcome. Fortuitous risk is also known as insurable risk. Both terms denote only the risk of loss - an adverse outcome. Risk can also be speculative, where a gain is possible.
Hold-harmless, indemnification, and additional insured provisions are all parts of the standard property insurance contract. While the indemnification clause and the additional insured provision may be part of a property policy, a hold-harmless agreement is generally a non-insurance transfer.
Agreeing to serve as a general contractor in a construction project. A general contractor accepts fully responsibility for a construction project. This company may contractually transfer some legal liability to a sub-contractor.
This is an after-loss non-insurance transfer of risk called a loss sharing agreement. It is neither an insurance, a surety bond, nor a maintenance agreement contract. A disadvantage of using non-insurance transfers of risk is: The transferor gives up control over how losses might be settled.