any uncertain event or condition that might affect your project., RISk, If you can prevent it from happening, it definitely won’t hurt your project., AVOID, This means taking some sort of action that will cause it to do as little damage to your project as possible., MITIGATE, The most common way to do this is to buy insurance., TRANSFER, If you can’t avoid the risk, and there’s nothing you can do to reduce its impact, then ___________ it is your only choice., ACCEPTING, It documents how you’ll assess risk, who is responsible for doing it, and how often you’ll do risk planning (since you’ll have to meet about risk planning with your team throughout the project)., RISK MANAGEMENT PLAN, Anything that might occur to change the outcome of a project activity, we call that a _________, RISK, There are _____ basic ways to handle a risk, FOUR (4), The creative process includes brainstorming sessions where the team is asked to create a list of everything that could go wrong., RISK MANAGEMENT PROCESS, Identifying the sources of risk by category is another method for exploring potential risk on a project., RISK IDENTIFICATION, WBS stands for?, WORK BREAKDOWN STRUCTURE, RBS stands for?, RISK BREAKDOWN STRUCTURE, _______________ is about developing an understanding of which potential risks have the greatest possibility of occurring and can have the greatest negative impact on the project, RISK EVALUATION, Risk is associated with things that are unknown., INITIATION, The project team often develops an alternative method for accomplishing a project goal when a risk event has been identified that may frustrate the accomplishment of that goal., CONTINGENCY PLAN

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