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Patrik Steuer

Patrik Steuer

Kartei Details

Karten 53
Sprache English
Kategorie BWL
Stufe Universität
Erstellt / Aktualisiert 08.12.2013 / 10.06.2015
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Monte Carlo analysis

Simulates a model?s outcome many times to provide a statistical distribution of the calculated results

Risk avoidance

Usually by eliminating its causes.

Risk acceptance

Accepting the consequences of a risk if it occurs

Risk transference

Shifting the consequence of a risk and responsibility for its management to a third party. (negative risk)

Risk mitigation

Reducing the impact of a risk event by reducing the probability of its occurrence

Risk exploitation

Doing whatever you can to make sure the positive risk happens

Risk sharing

Allocating ownership of the risk to another party. (positive risk)

Risk enhancement

Changing the size of the opportunity by identifying and maximizing key drivers of the positive risk

Risk acceptance

Applies to positive risks when the project team does not take any actions toward a risk.

Residual risks

Risks that remain after all of the response strategies have been implemented

Secondary risks

Direct result of implementing a risk response

workarounds

Unplanned responses to risk events, when they do not have contingency plans in place

Risk control tools

Risk reassessment, risk audits, variance and trend analysis ?oololl,