This Risk Assessment Tool Is a Variation of the Risk

question 58

Multiple Choice

This risk assessment tool is a variation of the risk severity matrix that includes the ease of detection for each of the identified risks.

• A)PERT simulation
• B)FMEA analysis
• C)Ratio/range analysis
• D)Probability analysis
• E)Semi-quantitative analysis

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Definitions:

Knowing Who

Understanding the key people within a network who can provide support, expertise, or resources that are instrumental for achieving goals or furthering an initiative.

Knowing What

The understanding of facts, information, and skills acquired through experience or education.

Behavior-focused Strategies

Approaches in management or marketing that concentrate on influencing or understanding human behavior.

Self-reward

The practice of granting oneself a form of reward or recognition as a form of personal motivation or gratification for accomplishing a task or reaching a goal.