Q2 Risk 5API Spec. Q2 - Online Quiz

At a minimum, contingency planning shall include:

The output of risk assessment is used in contingency planning.

Contingency planning may or may not be a required part of the risk assessment process.

A _________ philosophy is a detailed plan that takes into account the part’s replacement history and shipping lead-time.

The goal of risk assessment is to eliminate risk.

Risk assessment should be conducted only by risk auditors. Involving other personnel in the process can result in “group think” that undermines the integrity of the process.

Risk is defined in the specification as a situation or circumstance that has both a likelihood of occurring and probability of __________ consequence.

The risk assessment process is a structured way to figure out whether the way you are operating is appropriate, or if there are other things you should or should not be doing that ___________ risks to reasonable levels.

Contingency Planning and Management of Change are not a part of the Risk Assessment section of Q1 but they are closely related and integral to the risk assessment process.

This course follows the flow of the risk analysis process. Place the risk assessment steps below in the correct order.