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Risk categories - answerMeans for grouping individual project risks Risk breakdown structure (RBS) - answerHierarchal representation of potential sources of risk; shows risk by categories Prompt lists - answerPre-determined list of risk categories that might give rise to individual project risks. Could also act as sources of overall project risks. Tools and techniques for Identify Risks - answerBrainstorming, Delphi technique, checklists, root cause analysis, assumption and constraint analysis, SWOT analysis, documentation analysis, cause and effect techniques, system or process flow techniques, influence diagrams Tools and techniques for Perform Qualitative Risk Analysis - answerRisk data quality assessment, risk probability and impact assessment, risk categorization, probability and impact matrix, risk data quality assessment, risk urgency assessment, risk parameters Tools an techniques for Perform Quantitative Risk Analysis - answerSimulations, sensitivity analysis, decision tree analysis, influence diagrams Utility theory - answerTool to measure risk tolerance Probability and impact matrix - answerMapping the probability of each risk occurrence and its impact on project objectives Risk register - answerList of identified risks, potential risk owners, list of potential risk responses Risk report - answerSources of overall project risk, summary on identified individual project risks Perform Qualitative Risk Analysis - answerProcess of prioritizing risk for further analysis by assessing probability and impact Perform Quantitative Risk Analysis - answerProcess of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives Opportunities - answerEscalate, exploit, enhance, share, accept Threats - answerEscalate, avoid, mitigate, transfer, accept Escalate - answerThreat is outside the scope of the project or the proposed response would exceed the project manager's authority Avoid - answerEliminating the threat or protecting the project from its impact Transfer - answerShifting ownership of a threat to a 3rd party to among the risk and bear the impact Mitigate - answerReducing the probability of occurrence and/or impact Accept - answerAcknowledges the existence of a threat, but no proactive action is taken Escalate - answerOpportunity is outside the scope of the project or the proposed response would exceed the project manager's authority Exploit - answerTo ensure the opportunity is realized Share - answerTransferring ownership of an opportunity to a 3rd party so that it shares some of its
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