 Risk Attitude, chosen mental toward uncertainty, familiar risk

attitudes are Risk averse, Risk tolerant , risk neutral , risk seeking
and risk prone.
 Risk breakdown structure, hierarchy of the identified project
risks arranged by risk category.
 Risk Category, Group of potential causes of risk , groups such
as technical , external , environmental , organizational.
 Risk Exposure, Measure of overall project risk describing the
overall effect of identified risks on project objectives.
 Risk Metalanguage, Structural description of risk which
separates Cause, effect and risk .
 Risk Model, Representation of the project including data about
project risks that can be analyzed by quantitative methods.
 Risk Register, Document containing the results of Identify risk ,
qualitative and Quantitative risk analysis processes and plan risk
response, mentions all identified risks with detailed description.
 Risk Thresholds , measure of the level of risk exposure above
which action must be taken.
 Root Cause, Initiating cause that give rise to casual chain which
may give rise to risks.
 Secondary Risk, Risk that arise a direct result of implementing
a risk response.
 Threat , Negative Condition or situation , a risk that will have a
negative effect on project objectives if it occurs.
 Assumption Testing , Looking at the stability of each
assumption , ususally held in perform qualitative risk analysis
process.
 Accept , Do nothing , passive acceptance that requires a
workaround , Active acceptance that requires a contingency plan.
 Avoid , Eliminate the threat by eliminating the cause.
 Bar Chart , Chart showing activity information , it usually
includes risk score and owner.
 Cognitive Bias, Bias due to differences in perception .
 Motivational bias, Bias due intentionally to one direction or
another.
 Business risk , risk of gain or loss .
 Pure Risk , Risk of loss only , usually needs insurance.
 Data Quality Assessment, Determining how will a risk is
understood.
 Ensure Compliance , Make sure polices, procedures and
plans are being followed.