Risk Management Flashcards
(5 cards)
0
Q
Diagramming techniques to identify risks
A
Fishbone
Flow chart
Cause and effect diagram
Draw them.
1
Q
Steps to risk management
A
- Risk identification
- Risk assessment
- Risk response development
- Risk response control
2
Q
What is a risk matrix
A
Likelihood and impact axes There are three zones: Red major risk Yellow moderate risk Green minor risk
3
Q
Three techniques for mitigating risk
A
Transferring risk
Sharing risk
Retaining risk (acceptance)
4
Q
SMART goals
A
Specific Measurable Assignable Realistic Time related
