Which of the following techniques is not recommended for a serious risk?
Which of the following is not considered part of the risk management process?
Explanation. Risk elimination is not a type of risk management strategies.
Which of the following is not one of the steps in the risk management process?
The correct answer is (d) eliminating all risks. Risks cannot be completely eliminated. However, they can be mitigated. The four stages of risk management are identifying risks, assessing them, controlling them, and reviewing the policies.
What type of risk is not insurable?
An uninsurable risk could include a situation in which insurance is against the law, such as coverage for criminal penalties. An uninsurable risk can be an event that's too likely to occur, such as a hurricane or flood, in an area where those disasters are frequent.
When does the analogy technique for identifying risks work best?
The analogy technique for identifying risks works best when there is a documented history of previous, similar projects to review. Transferring of risk is one of five ways to deal with risk in projects.
What is an acceptable level of risk in a project?
An acceptable level of risk in a project is a matter of judgement. A risk in which the expected value consequence is small should be ignored. In virtually all projects, both the contractor and the customer are exposed to some form or level of risk, regardless of planning or contractual agreements.
Which risks should be ignored in project management?
A risk in which the expected value consequence is small should be ignored. In virtually all projects, both the contractor and the customer are exposed to some form or level of risk, regardless of planning or contractual agreements.
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