ITSM

Front

Hazard

Back

is a condition, property or situation with the potential for loss

Front

What is the Risk?

Back

Risk is a function of the probability of contact with (or exposure to) a hazard, multiplied by the likely severity of the consequences of that contact or exposure.

Front

What is the control?

Back

Controls are the precautions taken to prevent or reduce the risk of a hazard causing an incident with the potential for loss.

Front

Defences

Back

the measures taken to prevent the consequences of the incident should it occur (by protecting people, equipment, etc, from a hazard and the resulting harm / loss if a control fails).

Front

Risk Assessment mean?

Back

Risk evaluation of identified hazards taking into account the existing controls and defences.

Front

Risk Prediction Mean?

Back

Risk assessment of hazards identified through a review of the potential unsafe-acts.

Front

Risk Ranking Mean?

Back

Risk ranking is a process by which risks can be prioritised for action.

Front

What is the correct order of the stages in The Project Risk Management Process Cycle?

Back

Identify, Assess, Plan Response, Monitor & Respond, Close

Front

Which of these is a realistic risk to a SW development project?

Back

All of these

Front

Which of these is NOT a possible strategy for responding to a project risk? Options: Transfer, Avoid, Mitigate, Accept, Redefine

Back

Redefine