Example at work: Valid processes in project risk management
The objectives of project risk management are to increase the probability of positive risks and decrease the impact of negative risks. Kenneth is the project manager working for multiple projects in Tech connection Inc. Kenneth is involved in all the risk management processes. One of the options given below is not a valid process in project risk management. Identify it.
A. Plan risk management, identify risks.
B. Perform qualitative risk analysis.
C. Perform quantitative risk analysis, plan risk response and monitor risks.
D. Plan Risk register.
Answer: Option D is not a valid process.
Valid processes in project risk management are:
- Plan risk management.
- Identify risks.
- Perform qualitative risk analysis.
- Perform quantitative risk analysis.
- Plan risk response.
- Implement risk response.
- Monitor risks.