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Cards In This Set
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What is the definition of a risk?
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An uncertain event or condition that, if it occurs, negatively affects a project’s goals.
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What is the definition of a Realized Risk?
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A previously identified event or condition (risk) that has already occurred or is occurring and negatively affects the project.
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What is the definition of an Issue?
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An event or condition that was not previously identified but has occurred and is negatively affecting the project.
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What is the definition of Impact?
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The potential effect of a risk.
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What is a Risk Trigger?
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An objective indicator that a risk event has occurred or may soon occur.
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What is a Risk Originator
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The program stakeholder who identifies and reports a potential risk.
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What is a Risk Owner?
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Program stakeholder with sufficient authority to manage a risk. Must be a US-VISIT government employee.
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What is a Risk Assignee?
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Program stakeholder assigned by the Risk Owner to develop and/or implement a risk’s handling plans.
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What is the process of determining impact, probability, urgency, and overall priority of a risk to the project, process, or program?
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Risk Analysis
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What is the process of determining which risks might affect the project and documenting their characteristics?
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Risk Identification
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Strategies for handling a risk include...?
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Control, Avoid, Accept, Transfer
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How often do the RM CoP meetings take place?
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Every month
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