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Kartei Details
| Karten | 53 |
|---|---|
| Sprache | English |
| Kategorie | BWL |
| Stufe | Universität |
| Erstellt / Aktualisiert | 08.12.2013 / 10.06.2015 |
| Weblink |
https://card2brain.ch/box/itm750chap11riskmanagement
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| Einbinden |
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An uncertainty that can have a negative or positive effect on meeting objectives
Degree of uncertainty an entity is willing to take on, in anticipation of a reward
Maximum acceptable deviation an entity Is willing to accept on the project or business objectives as the potential impact
Amount of satisfaction or pleasure received from a potential payoff.
Person achieves a balance between risk and payoff
Person has higher tolerance for risk and their satisfaction increases when more payoff is at stake
Utility rises at a decreasing rate of risk
Risks that the project team has identified and analyzed
Risks that have not been identified and analyzed cannot be managed.
Documents the procedures for managing risk throughout the project
Predefined actions that the project team will take if an identified risk event occurs. Sometimes the same as fallback plan
Developed for risks that have a high impact on meeting project objectives, and are put into effect if attempts to reduce the risk do not work
Provisions held by the project sponsor or organization to reduce the risk of cost or schedule overruns to an acceptable level. For known risks
Are funds held for unknown risks
Most important is User inolvement, before Management support and clear requirements. Competent staff isn?t so important
If the project creates a new product or service, will it be accepted?
Can the organization afford to undertake the project? Will it meet ROI?
It is technically feasible?
Does the organization have the right skills? Is there management support?
What degree of change will the new project introduce into business?
Project with significant cost or schedule overruns
Hierarchy of potential risk categories for a project, like WBS.
Technique by which a group attempts to generate ideas or find a solution for a specific problem by amassing ideas spontaneously without judgment
Derive a consensus among a panel of experts who make predictions about future developments
Fact-finding technique for collecting information in face-to-face, phone, email, or instant messaging discussions
Based on risks encountered in previous projects
Check if they are valid
Diagrams that show how different parts of a system interrelate
Represents decision problems by displaying essential elements, including decisions, uncertainties, causality, and objectives, and how they influence each other.
Document that contains results of various risk management processes; it is often displayed as spreadsheet or in a table format
Refer to specific, uncertain events that may occur to the detriment or enhancement of the project
Indicator or symptoms of actual risk events
Person who will take responsibility for the risk
Lists the relative probability of a risk occurring and the relative impact of the risk occurring
Numbers that represent the overall risk of specific events, based on their probability of occurring and the consequences to the project if they do occur.
Qualitative risk analysis tool
List of risks that have low priority but are still identified as potential risks
Main techniques include data gathering, analysis and modeling techniques, and expert judgment.
Diagramming analysis technique used to help select the best course of action when future outcomes are uncertain.
Product of a risk event probability and the risk event?s monetary value.
