Flashcards - Risk Analysis & Management

Flashcards - Risk Analysis & Management
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Risk categorization
A risk is the amount of harm that can be expected to occur during a given time period due to specific harm event
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stakeholder
A stakeholder or stakeholders, as defined in its first usage in a 1963 internal memorandum at the Stanford Research Institute, are "those groups without whose support the organization would cease to exist
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Project cost management
Project Cost Management is a method that uses technology to measure cost and productivity through the full life cycle of enterprise level projects
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business case
A business case captures the reasoning for initiating a project or task
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risk management plan
A risk management plan is a document that a project manager prepares to foresee risks, estimate impacts, and define responses to issues
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11 cards in set
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risk management plan
A risk management plan is a document that a project manager prepares to foresee risks, estimate impacts, and define responses to issues
business case
A business case captures the reasoning for initiating a project or task
Project cost management
Project Cost Management is a method that uses technology to measure cost and productivity through the full life cycle of enterprise level projects
stakeholder
A stakeholder or stakeholders, as defined in its first usage in a 1963 internal memorandum at the Stanford Research Institute, are "those groups without whose support the organization would cease to exist
Risk categorization
A risk is the amount of harm that can be expected to occur during a given time period due to specific harm event
Risk assessment
Risk assessment is the determination of quantitative or qualitative estimate of risk related to a well-defined situation and a recognized threat
decision tree
A decision tree is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility
Execution risk analysis
The term Operational Risk Management is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk
liquidity
In business, economics or investment, market liquidity is a market's ability to purchase or sell an asset without causing drastic change in the asset's price
risk register
A risk register is a scatterplot used as risk management tool and to fulfill regulatory compliance acting as a repository for all risks identified and includes additional information about each risk, e
cost estimating techniques
A cost estimate is the approximation of the cost of a program, project, or operation

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