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Oliver 75 - 42nd Question

jyotimayank
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Oliver 75 - 42nd Question

Postby jyotimayank Wed May 04, 2016 11:47 am

Quest 42.
What is a trigger in project risk management?

A. An expected situation causing an unidentified risk to occur
B. A warning sign that a previously identified risk might be occurring or has occurred
C. An unexpected situation causing an identified risk to occur
D. An unexpected situation causing an unidentified risk to occur
Jyoti Gupta
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iZenbridge Consultancy Pvt Ltd
Ananyapmp
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Re: Oliver 75 - 42nd Question

Postby Ananyapmp Fri May 06, 2016 12:23 pm

B, warning sign that a previously identified risk might be occurring or has occurred
jyotimayank
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Re: Oliver 75 - 42nd Question

Postby jyotimayank Fri May 06, 2016 1:59 pm

Yes the correct answer is B.
Trigger condition is a warning that indicates that the risk is about to occur

There are few more terms like Risk appetite,risk tolerance and risk threshold.
Risk Appetite is the degree of uncertainty an entity is willing to take on in anticipation of a reward.
Risk Tolerance is he degree, amount, or volume of risk that an organization or individual will withstand.
Risk Threshold is measures along the level of uncertainty or the level of impact at which a stakeholder may have a specific interest. Below that risk threshold, the organization will accept the risk. Above that risk threshold, the organization will not tolerate the risk.


Refer to Page 348 & 566 0f PMBOK® Guide 5th Edition

For more insight of this topic refer to the following blog and video


http://www.izenbridge.com/videogallery/ ... zenbridge/
http://www.izenbridge.com/blog/learn-ho ... rtunities/
http://www.izenbridge.com/blog/what-is- ... threshold/
Jyoti Gupta
PMP Mentor & Coach

iZenbridge Consultancy Pvt Ltd

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