Reactice Risk Management

Question 1

Reactive risk management

Answer 1

project team reacts to risks when they occur
Never worry about problems until they
happen

Question 2

Mitigation

Answer 2

plan for additional resources in anticipation of
fire fighting

Question 3

Fix on failure

Answer 3

resource are found and applied when the risk
strikes

Question 4

Crisis management

Answer 4

failure does not respond to applied resources and project is in jeopardy

Question 5

Proactive RM

Answer 5

Properly identify the potential risks, assess their probability and impact,
rank their importance.

Objective is to avoid risk.

Develop contingency plan to control the risk in effective manner**.