Risks with only negative outcomes, including loss of life or limb, fire, theft, natural disasters, and similar events.
Risks associated with variations occurring in the project, such as production, quality errors, or weather fluctuations.
A ranking approach that categorizes and ranks risks from very high to very unlikely or using other predefined values.
A risk response effort aimed at reducing the probability and/or impact of identified risks in the project.
A risk response strategy suitable for both positive and negative risks that may require actions beyond the project manager's authority.
A project plan component containing information related to risk management activities, updated to reflect risk management status and progress. (Two words)
An anonymous method for surveying experts about potential project risks, with results analyzed by a third party to gain consensus on risks. (Two words)
A prompt list used for risk identification, assessing volatility, uncertainty, complexity, and ambiguity within project risk factors.
A method for evaluating the best course of action among multiple options, considering the costs, benefits, and probability of success for each decision. (Two words)
A calculated score reflecting each risk's probability and impact, used in both qualitative and quantitative risk analyses. (Two words)
A risk response strategy suitable for both positive and negative risks, but often chosen for minor risks within a project.
Individuals or entities responsible for monitoring and addressing identified project risks. (Two words)
Risks characterized by their uncertain and unclear nature, such as new laws or regulations, marketplace conditions, and other unpredictable factors.
A ranking approach to assess probability and impact, typically using numerical values ranging from 0.01 (very low) to 1.0 (certain). Also a bird.
A prompt list for risk identification examining political, economic, social, technological, legal, and environmental risk domains.
A prompt list used for risk identification, examining technical, environmental, commercial, operational, and political factors in the project. It’s an acronym.
An uncertain event or condition that may have either positive or negative impacts on a project.