Key Terms

Life is a risky business, but with proper planning, your project doesn’t have to be. Using processes I’ve discussed in this chapter, you’ll be prepared for the foreseeable and the not so foreseeable. Understand them well, and know each process by the name used in the PMBOK® Guide:

Perform Qualitative Risk Analysis	Plan Risk Management
Perform Quantitative Risk Analysis	Plan Risk Responses
Identify Risks

Before you take the exam, also be certain you are familiar with the following terms:

acceptance	Monte Carlo analysis
avoid	Nominal Group technique
brainstorming	ordinal scale
cardinal scale	passive acceptance
cause-and-effect diagrams	probability
contingency planning	probability and impact matrix