Risk Assessment & Management Flashcards
7 cards from real Communication Skills practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Assessment & Management flashcards as text
A team discovers that a previously accepted risk has escalated. How should this be communicated?
Answer: Update the risk register and issue a revised risk report to stakeholders
Escalated risks require immediate updating of documentation and proactive re-communication to all affected stakeholders.
Which risk response strategy involves communicating openly with an external vendor to share potential exposure?
Answer: Sharing or partnering
Risk sharing or partnering involves open communication with another party to distribute risk exposure and responsibility.
When presenting risk probability, using a visual heat map helps because it:
Answer: Allows stakeholders to quickly grasp risk likelihood and impact at a glance
Heat maps are visual tools that make complex probability-impact data immediately accessible to diverse audiences.
What is an example of ineffective risk communication?
Answer: Using vague language like 'things might go wrong' without specifics
Vague risk language fails to convey actionable information, leaving stakeholders unable to make informed decisions.
When a risk is communicated but stakeholders are unresponsive, what should a risk manager do?
Answer: Escalate through appropriate channels and document the lack of response
Escalation with documented follow-up ensures accountability and prevents critical risks from being ignored.
Which of the following best describes the 'residual risk' communication requirement?
Answer: Inform stakeholders of the remaining risk after mitigation measures are applied
Stakeholders must understand the level of risk that remains after mitigation so they can make informed acceptance decisions.
A cross-functional team has different risk tolerances. What is the best communication approach?
Answer: Tailor risk communication to each team's perspective and risk appetite
Tailoring messages to each team's context and tolerance ensures that risk information is relevant and actionable for every stakeholder group.