When managing risk in project delivery the acronym RBS stands for...

Question

BlackTom AI · Accepted Answer

When analyzing what RBS stands for in project risk management, we must evaluate how well each option aligns with standard terminology and concepts used in practice.
Option 1: 'Risk Breakdown Strategy' — This term sounds plausible but is not the conventional descriptor used in risk management frameworks. The common structure is to break down risks, not to label a 'strategy' as the acronym RBS. Therefore, this option is inaccurate.
Option 2: 'Risk Brainstorming Session' — While brainstorming sessions are a method to identify risks, the acronym RBS does not represent a session type; it represents a structured decomposition of risks. Consequently, this is not the correct expansion of RBS.
Option 3: 'Response Budgeting Strategy' — This phrase mixes concepts of response planning with budgeting, but it does not reflect the established meaning of RBS in project risk contexts. It is not the recognized RBS expansion.
Option 4: 'Risk Breakdown Structure' — This is the standard term in risk management. A Risk Breakdown Structure is a hierarchical decomposition of identified risks, analogous to a Work Breakdown Structure, used to organize and analyze risk exposure across the project. This option correctly matches the acronym RBS.
Option 5: 'Risk Budgeting Session' — Although budgeting related to risk is a concept in some risk management processes, 'Risk Budgeting Session' is not the canonical expansion of RBS and does not describe the structured breakdown of risks. This option is not correct.

PMGT5858 (all) PMGT5858 Final Quiz- Requires Respondus LockDown Browser

When managing risk in project delivery the acronym RBS stands for...

View Explanation

Log in for full answers

Similar Questions

Which of the following statements regarding project risk management is TRUE?

Which of the following statements are considered to be the steps in managing project risks: (select all that apply)

Is this statement true or false: Project type and requirements are irrelevant factors when determining project risks.

You have just been selected as the project manager of a high-risk project. You and your project team are working with key stakeholders to develop a risk management plan (RMP). Which of the following documents you may need to develop your RMP?

Jane Smith is a project manager at Chenco LTD, a manufacturer of computer equipment. Jane learned last week that the platform on which the project’s deliverable was designed will be replaced within two months. What type of risk has Jane identified?

Cheryl is working with her team and SMEs to prioritize identified risks for further analysis. What documents would you suggest they use as inputs to that process? (Select all that applies)

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler