Software engineeringintermediate
Arrange the following risk management process activities in the correct chronological order from first to last.
Answer
Risk identification, Risk analysis, Risk prioritization, Risk planning and control, Risk monitoring
Explanation
### Why this is right
A team must identify risks before analyzing and ranking them. It then plans responses and monitors the risks as project conditions change.
### The order
1. **Risk identification**: Record possible problems.
2. **Risk analysis**: Examine risk causes, sources, and estimates.
3. **Risk prioritization**: Focus attention on the most severe risks.
4. **Risk planning and control**: Prepare and execute responses.
5. **Risk monitoring**: Reassess risks throughout the project.
### Terms
- **Risk mitigation**: Action intended to reduce the likelihood or effect of a risk.
- **Contingency plan**: A planned response if a risk occurs.
### Remember
Identify, analyze, rank, respond, and keep monitoring.
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