SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ARisk workshop
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BRoot cause analysis
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CBrainstorming
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DRisk identification
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Detailed explanation-1: -Risk Assessment Tool Options are available for risk assessment tools and methods that can be easily incorporated into a company process. The three often used methods for risk assessment are the decision tree, the bowtie model, the Failure Modes and Effects Analysis (FMEA), and the risk matrix.
Detailed explanation-2: -Probability and Impact Matrix This technique combines the probability and impact scores of individual risks and then ranks them in terms of their severity. This way each risk is understood in context to the larger project, so if one does occur, there’s a plan in place to respond or not.
Detailed explanation-3: -The Facilitator is the person who crafts the agenda and determines the activities necessary to achieve the meeting objectives. The facilitator then guides the group through the process, managing group dynamics and adjusting the flow as needed.