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12 Cards in this Set
- Front
- Back
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Residual Risk
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Passively accepted risk.
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Contingency Plans
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Action taken if an opportunity or threat is identifid
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Fallback Plans
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When Contingency Plan A fails, resort to plan B
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Risk Owners
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Assigning someone to own the risk
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Secondary Risk
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Risk generated as a result of a planed risk response
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Risk Triggers
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Warning signs to the risk owner to take action
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Contracts
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Reviewed by the project manager to identify risk and determine that risk has either been succesfully avoided, mitigated, transfer, exploited, Enhanced, Shared
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Risk Appetite
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Generalized high level acceptance of risk. "Little Risk" Little Appetite |
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Risk Tolerance
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Measurable acceptance of risk. "Accept risk within this range" Tolerate so much salt |
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Risk Threshold
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Risk Breaking Point. No More. Not accepting this risk if it reaches this point.
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Risk Averse
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Does not want risk at all. Far extreme
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