SAB#11_127_FLOWS_RISKS

SAB#11_127_FLOWS_RISKS

1. 1. IDENTIFY RISKS

   • IN THIS PROCESS RISKS FOR THE PROJECT ARE IDENTIFIED. IDENTIFICATION OF THREATS AND OPPORTUNITIES

2. 2. PERFORM QUALITATIVE ANALYSIS

   • YOU NEED TO ANALYZE THE RISKS INCLUDING THEIR PROBABILITY AND POTENTIAL IMPACT ON THE PROJECT, TO DETERMINE WHICH ONES WARRANT A RESPONSE

3. 3. PERFORM QUANTITATIVE ANALYSIS

   • IS THE PROCESS OF NUMERICALLY ANALYZING THE EFFECT OF IDENTIFIED RISKS ON OVERALL PROJECT OBJECTIVES

4. 4. PLAN RISK RESPONSES

   • STRATEGIES FOR POSITIVE RISKS OR OPPORTUNITIES
     • EXPLOIT, ENHANCE, SHARE AND ACCEPT
   • STRATEGIES FOR NEGATIVE RISKS OR THREATS
     • STRATEGIES FOR NEGATIVE RISKS OR THREATS. THESE ARE: AVOID, TRANSFER, NITIGATE AND ACCEPT.

5. 5. CONTROL RISKS

   • IS THE PROCESS OF OF IMPLEMENTING RISK RESPONSE PLANS, TRACKING IDENTIFIED RISKS, MONITORING RESIDUAL RISKS, IDENTIFYING NEW RISKS, AND EVALUATING RISKS PROCESS EFFECTIVENESS THROUGHOUT THE PROJECT.

6. IDENTIFY RISKS

   • CREATE SHORT LIST OF RISKS (THOUGH QUALITATIVE AND OPTIONAL QUANTITATIVE RISK ANALYSIS)
     • AVOID OR EXPLOIT
       • GO BACK AND PERFORM ITERATIONS, AND UPDATE PROJECT MANAGEMENT PLAN AND PROJECT DOCUMENTS

7. IDENTIFY RISKS

   • CREATE SHORT LIST OF RISKS (THOUGH QUALITATIVE AND OPTIONAL QUANTITATIVE RISK ANALYSIS)
     • ACCEPT ACTIVELY
       • DEVELOP CONTINGENCY PLANS AND RESERVES
         • DEVELOP FALLBACK PLANS
           • GO BACK AND PERFORM ITERATIONS, AND UPDATE PROJECT MANAGEMENT PLAN AND PROJECT DOCUMENTS

8. IDENTIFY RISKS

   • CREATE SHORT LIST OF RISKS (THOUGH QUALITATIVE AND OPTIONAL QUANTITATIVE RISK ANALYSIS)
     • ACCEPT ACTIVELY
       • DEVELOP CONTINGENCY PLANS AND RESERVES
         • IDENTIFY RESIDUAL AND SECONDARY RISKS
           • GO BACK AND PERFORM ITERATIONS, AND UPDATE PROJECT MANAGEMENT PLAN AND PROJECT DOCUMENTS

9. IDENTIFY RISKS

   • CREATE SHORT LIST OF RISKS (THOUGH QUALITATIVE AND OPTIONAL QUANTITATIVE RISK ANALYSIS)
     • ACCEPT ACTIVELY
       • DEVELOP CONTINGENCY PLANS AND RESERVES
         • DEVELOP FALLBACK PLANS
           • IDENTIFY RESIDUAL AND SECONDARY RISKS
             • GO BACK AND PERFORM ITERATIONS, AND UPDATE PROJECT MANAGEMENT PLAN AND PROJECT DOCUMENTS

10. IDENTIFY

    • CREATE SHORT LIST OF RISKS (THOUGH QUALITATIVE AND OPTIONAL QUANTITATIVE RISK ANALYSIS)
      • REDUCE PROBABILITY AND IMPACT OF THREATS; INCREASE PROBABILITY AND IMPACT OF OPPORUNITIES
        • IDENTIFY RESIDUAL AND SECONDARY RISKS
          • DEVELOP CONTINGENCY PLANS AND RESERVES
            • DEVELOP FALLBACK PLANS
              • GO BACK AND PERFORM ITERATIONS, AND UPDATE PROJECT MANAGEMENT PLAN AND PROJECT DOCUMENTS