RISK MANAGEMENT
PROJECT TEAMS AND INFORMATION MANAGEMENT
PROCUREMENT
TOOLS
MISCELLANEOUS
100
The two risk dimensions that need to be addressed
What are Likelihood and Consequence?
100
Focus during this stage of team development is on gathering information and impressions
What is the Forming Stage?
100
A solicitation that asks for solution and pricing
What is Request for Proposal? (Note: accept RFP.)
100
Informs key stakeholders of the project’s progress
What is Monthly Status Report?
100
The sequence of related activities with the longest duration
What is the Critical Path?
200
A relative ranking or priority list of risks
What is a Risk Register?
200
Team members express disagreement in a way that values everyone’s contributions and promotes the group’s goal
What is Constructive Conflict?
200
Provides vendors with answers to five basic questions: Who, Where, When, How many, and How well?
What is a Statement of Work?
200
Enables project leads to better organize and execute meetings.
What is Meeting Agenda?
200
Displays summary level schedule information
What is a Plan of Action and Milestones?
300
Development of a “Plan B”
What is Contingent Response?
300
Conflict management strategy that should be tried when concern for group and personal goals are both high
What is Collaboration?
300
A solicitation that asks potential bidders, “How would you solve this problem?”
What is Request for Information? (Note: accept RFI)
300
Documents discussions, decisions, and actions made during project meetings
What are Meeting Minutes?
300
The two risk responses that are appropriate for both positive and negative risks
What are Risk Acceptance and Contingent Response?
400
Changing a plan to eliminate a threat
What is Risk Avoidance?
400
Type of performance reporting that describes where the project now stands
What is Status Reporting?
400
Regulations that govern procurements
What are the Federal Acquisition Regulations? Note: also accept FAR and DFAR.
400
Documents significant decisions made throughout the life of a project
What is Major Decisions Log?
400
The conflict management style used with concern for personal goals is much higher than for group goals
What is Competition?
500
Brainstorming, assumptions analysis, and SWOT Analysis
What are Risk Identification Techniques?
500
The type of performance reporting that predicts future status and progress
What is Forecasting?
500
Main focus when selecting a materials vendor
What is Lowest Price Technically Acceptable?
500
Allows team members to track assigned actions, thereby ensuring accountability
What is Action Items Log?
500
The amount of time an activity can be delayed without delaying the completion date
What is Total Float?
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