SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A project manager has just finished performing Quantitative Risk Analysis on his project. What activity he should perform next as part of Project Risk Management?
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Plan Risk Response Strategies
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Perform Risk Probability and Impact Assessment
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Perform Checklist Analysis
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Perform Variance and Trend Analysis
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Explanation:
Detailed explanation-1: -In project management, risk management is the practice of identifying, evaluating, and preventing or mitigating risks to a project that have the potential to impact the desired outcomes. Project managers are typically responsible for overseeing the risk management process throughout the duration of a given project.
Detailed explanation-2: -Identify areas for uncertainty. Assess the costs of each risk. Determine the probability of each risk occurring. Calculate the expected cost of each potential risk. 24-Jun-2022
Detailed explanation-3: -Identify the risk. Assess the risk. Treat the risk. Monitor and Report on the risk. 27-Sept-2021
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