comparing risk, risk management
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6 Terms
risks
potential future events that may or may not occur
changes
modifications in project scope, budget, or timeline that require adjustments in project activities or resources
risk management 4 tasks
identifying the risk
analyzing the risk
treating the risk
monitoring the risk
risk owner
the person responsible for managing a risk who creates plans for risk mitigation and response and is the first to be notified when a risk occurs
risk manager
administers the risk register and leads the overall risk management process, including risk analysis and response
senior management
responsible for managing organizational risks and may become stakeholders for specific risks in a project depending on their priority and nature
Note 
Flashcards (156)