7._____ involves numerically estimating the effects of risks on project objectives. Show
Get answer to your question and much more 8._____ involves taking steps to enhance opportunities and reduce threats to meeting project objectives. Get answer to your question and much more 9._____ involves monitoring identified and residual risks, identifying new risks, carrying out riskresponse plans, and evaluating the effectiveness of risk strategies throughout the life of the project. Get answer to your question and much more 10.Identifying risks is a subprocess of the _____ process of project risk management.a.planningc.monitoring and controllingb.executingd.closingANS: AIdentifying risks is a subprocess of the planning process of project risk management. 11.Performing qualitative and quantitative risk analyses are subprocesses of the _____ process of projectrisk management. Get answer to your question and much more 12._____ are predefined actions that the project team will take if an identified risk event occurs. Get answer to your question and much more Which process involves determining what risks are likely to affect a project?Risk identification involves determining which risks might affect the project and documenting their characteristics. Risk identification is an ongoing process and should be performed throughout the project.
What are the processes involved in evaluating and prioritizing risk?Now that you know the five steps of the risk management process (identify, assess, mitigate, monitor, and report risks) you should feel confident in building out a risk management plan for your business.
What process in risk management involves estimating the value of the effects of risks events on project objectives?Risk Identification
A more disciplined process involves using checklists of potential risks and evaluating the likelihood that those events might happen on the project.
What is the first step in risk prioritization?It begins with identifying risks, goes on to analyze risks, then the risk is prioritized, a solution is implemented, and finally, the risk is monitored.
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Which process involves prioritizing risk based on their probability and impact of occurrence?
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