Chapter 7

Risk Theme

PRINCE2 EXAM OBJECTIVES COVERED IN THIS CHAPTER:

• Know the PRINCE2 definition of a risk and understand the difference between a threat and an opportunity.
• Understand the purpose of the Risk theme.
• Understand the risk management procedure.
• Understand how to define a risk using cause, effect, and objectives.
• Understand how to measure a risk’s probability, impact, and proximity.
• Define risk response types and understand which are used to respond to a threat or an opportunity.
• Know the difference between a Risk Owner and a Risk Actionee.
• Know the purpose of a Risk Management Strategy, its recommended composition, in which processes it is used, and which roles are responsible for it.
• Know the purpose of a Risk Register, its recommended composition, in which processes it is used, and which roles are responsible for it.