The fourth and final phase of the project life cycle. The process of regularly reviewing the risk management matrix throughout the project. Determining which risks may adversely affect the project objective. A defined set of actions to implement if the risk event occurs. Event that signals when to implement the action plan for a risk. Reviews and evaluates the performance of a project to identify what can be done to improve on future projects. Determining the likelihood that each risk will occur and the degree of impact of each risk. Recorded to identify and document knowledge and experience gained on a project. A project closing activity that can range from an informal party to formal event. Common approach to identifying the source of risks and their potential impact.

The fourth and final phase of the project life cycle. The process of regularly reviewing the risk management matrix throughout the project. Determining which risks may adversely affect the project objective. A defined set of actions to implement if the risk event occurs. Event that signals when to implement the action plan for a risk. Reviews and evaluates the performance of a project to identify what can be done to improve on future projects. Determining the likelihood that each risk will occur and the degree of impact of each risk. Recorded to identify and document knowledge and experience gained on a project. A project closing activity that can range from an informal party to formal event. Common approach to identifying the source of risks and their potential impact.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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	The fourth and final phase of the project life cycle.
	The process of regularly reviewing the risk management matrix throughout the project.
	Determining which risks may adversely affect the project objective.
	A defined set of actions to implement if the risk event occurs.
	Event that signals when to implement the action plan for a risk.
	Reviews and evaluates the performance of a project to identify what can be done to improve on future projects.
	Determining the likelihood that each risk will occur and the degree of impact of each risk.
	Recorded to identify and document knowledge and experience gained on a project.
	A project closing activity that can range from an informal party to formal event.
	Common approach to identifying the source of risks and their potential impact.

A.	Risk Response Plan
B.	Risk Identification
C.	Recognition and Celebration
D.	Post-project Evaluation
E.	Critical Path
F.	Risk Assessment Matrix
G.	Risk Monitoring
H.	Brainstorming
I.	Lessons learned
J.	Project closing
K.	Mitigation
L.	Trigger
M.	Earned Value Managment
N.	Risk Assessment
O.	Work Break Down Structure

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