Risk can be either positive or negative. Positive risks are opportunities, negative risks are threats.
A risk breakdown structure (RBS) is used to organize risk in a hierarchical structure.
Monte Carlo analysis is a technique using simulations and probability in determining quantitative risk analysis.
Risk categories are important in classifying risk.
Probability and impact are both needed to assess risks.
Quantitative analysis is generally reserved for high-probability, highimpact risk.
Risk management planning and risk response planning are not the same activities.
Risk identification is an iterative process that is performed throughout the project, not just during planning.
Decision tree analysis is a technique using probabilities and costs for structured decision making.
Five of the six risk management processes are conducted during the planning process group.
The risk register is an important tool for capturing and tracking risks.
