Exam 7: Managing Risk

While a "can do" attitude is essential during implementation, project managers have to encourage critical thinking when it comes to risk identification.

Enhancing a risk is a tactic that seeks to eliminate the uncertainty associated with an opportunity to ensure that it definitely happens.

This response allocates some or all of the responsibility of realizing the identified opportunity for the project.

Risks that can result in a system or process that will not work are known as

_____________ is a measure of how easy it would be to notice that a risk event was going to occur in time to take mitigating action, that is, how much warning you would have.