MANAGEMENT

BUISENESS MANAGEMENT

RISK MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Risk symptoms or early warning signs are called
A
Vectors
B
Triggers
C
Pre-events
D
Contingency events
Explanation: 

Detailed explanation-1: -These triggers – also called risk symptoms, warning signs or indicators – are an event or condition that alerts project managers or risk owners that an identified risk to project success could be present or will be soon.

Detailed explanation-2: -A risk trigger is a indicator that a risk is about to occur or has occurred. Triggers may be discovered during the risk identification process and monitored as the project is executed. Once the risk trigger occurs, the project team needs to implement a risk response.

Detailed explanation-3: -A risk trigger is that person resigning, taking a sick leave or going on vacation, as you will be left with no one to host the events.

Detailed explanation-4: -A risk factor is one that causes the ‘disease’ of back pain (marked by the first time back pain occurs) compared to a trigger, which could lead to an episode of back pain. It is possible a risk factor could also be a trigger, but not necessarily.

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