Which term is a list identifying potential risks and how to manage them?

Prepare for the World Scholar's Cup with engaging quizzes. Use flashcards and multiple choice questions with hints and explanations to enhance your knowledge and readiness. Ace your exam this year!

Multiple Choice

Which term is a list identifying potential risks and how to manage them?

Explanation:
A risk register is a living document that lists potential risks, describes their likelihood and impact, assigns ownership, and lays out planned responses to avoid or mitigate them. This tool helps everyone on the project see what could go wrong and what actions will be taken, along with triggers that indicate when a risk is materializing and the contingency plans to deploy. For example, if a supplier delay is a risk, the register would record its probability, potential impact, the person responsible to manage it, mitigation like sourcing an alternate supplier, and a contingency plan such as expedited shipping. The other terms don’t fit this purpose: a harmonogram is just a schedule of activities, the waterfall method is a sequential project process model, and chaos engineering focuses on testing system resilience rather than tracking risks and responses.

A risk register is a living document that lists potential risks, describes their likelihood and impact, assigns ownership, and lays out planned responses to avoid or mitigate them. This tool helps everyone on the project see what could go wrong and what actions will be taken, along with triggers that indicate when a risk is materializing and the contingency plans to deploy. For example, if a supplier delay is a risk, the register would record its probability, potential impact, the person responsible to manage it, mitigation like sourcing an alternate supplier, and a contingency plan such as expedited shipping. The other terms don’t fit this purpose: a harmonogram is just a schedule of activities, the waterfall method is a sequential project process model, and chaos engineering focuses on testing system resilience rather than tracking risks and responses.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy