Risk Management Stakeholder Involvement | Project Stakeholder Management | Risk Responses | General Risk Management |
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Proactive
Is stakeholder management in the PMI risk management process proactive or reactive?
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Stakeholder Identification
What is the first step in project stakeholder management?
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Risk trigger or trigger
This event or condition gives an indication when a certain risk is expected to occur.
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Risk register
The output of “Identify Risks” is documented in this template
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Both
Do stakeholders represent an opportunity or a threat?
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Never, it’s continuous
When does the stakeholder management end?
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False, this role may be assigned to the same person
True or False; the risk owner and the risk action owner are always assigned to distinct individuals, this ensures proper accountability of risk management
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Political, Economical , Social, Technological, Legal, & Environmental
A PESTLE analysis is commonly used for projects that span global boarders, what do the letters in the acronym PESTLE stand for?
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Help in early identification of risks
Why involve stakeholders in risk identification?
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Secondary
What type of stakeholder is a stakeholder with no influence, but has interest?
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To manage expectations
Why involve stakeholders in risk response planning?
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Project Status Report
What does PSR stand for?
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Ensure commitment to RM process
Why involve stakeholders in the Project Risk Management Process?
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Keep Satisfied
Based on the stakeholder influence/interest grid; If a stakeholder has a high ability to influence, but a low interest in the project, how should you prioritize the stakeholder?
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Exploit, share, and enhance
Name the 3 positive risk response strategies, otherwise known as opportunities.
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Fishbone diagram, cause-and-effect diagram, & Ishikawa diagram. *Bonus 4th herringbone diagram
Identifying root causes allows a project team to potentially address multiple risks by tacking a single issue. What are 3 names for a type of diagram used in root cause analysis?
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