| Term | Definition |
| The process of defining how to conduct risk management activities for a project. | The Definition of "Plan Risk Management" is? |
| The process of determining which risks may affect the project and documenting their characteristics. | The Definition of "Perform Qualitative Analysis" is? |
| The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurence and impact. | The Definition of "Perform Qualitative Analysis" is? |
| The process of numerically analyzing the effect of identified risks on overall project activities. | The Definition of "Perform Quantitative Analysis" is? |
| The process of developing "options and actions" to enhance opportunities and reduce threats to the project objectives. | The Definition of "Plan Risk Response" is? |
| The process of implementing risk response planse, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating the risk process throughout the project. | The Definition of "Monitor and Control Risks" is? |