3 hours 24 minutes
Hello and welcome back to the county. A project plus P. K +0004 Is this your instructor from Borough Hilario?
This is the end of the module, so let's do a quick review
wish Rick. Strategies used when the team decides not to identify uncle or create Rhys Response plan, avoidance, mitigation, transference or acceptance.
The answer is acceptance. Research receptors assumes dealing with the consequences if the risk event did take place.
Next question. What are the primary triple con strains? We learned that there are more than just three,
but the primary constrains our
time, budget and scope.
When dealing with events which strategy is not applicable to negative risk avoidance, exploiting, accepting or transferring
exploiting turns a risk into an opportunity.
So these will be not applicable
for negative risks. This positive risk
These elements, including this cold documentation, help you determine whether the project is on track and progressing. *** plan
project, wholesome objectives, milestones and KP eyes. This is interesting because there's possible two choices
whether the project is on track, so that means the pretty hasn't being reaching specific targets. So it's through other executions. Okapi eyes or key performance indicators help continuously determine whether the project is on track and progressive
this is our last question.
When performing qualitative risk analysis. Which characteristics are evaluated? Qualitative. Qualitative is not about money. Okay, Causton timing
For ability and impact.
scheduled on impact
from a 1,000,000,000 likelihood
impact. Answer very
something. Probability. And, like hood sound the same.
CNN's impact That's a very sound synonymous schedule is not a one of the qualities. Cost is definitely not qualitative quantitative. So probability and impact will be the answer.
Well, this is it for this lesson. Hope to see you in our next module. Thank you for joining.