Flashcards
11. Risk Management
Cards in this deck (14)
- 1Risk Management Processes1- Plan Risk Management
2- Identify Risks
3- Perform Qualitative Risk Analysis
4- Perform Quantitative Risk Analysis
5- Plan Risk Responses
6- Control Risks - 2Outputs of Plan Risk Management- Methodology
- Roles and responsibilities
- Budget
- Timing
- Risk Categories
- Definitions of Probability and Impact
- Stakeholder Tolerances
- Reporting
- Tracking - 3Risk Categories --> Sources of Risks- External
- Internal
- Technical
- Unforeseeable (<10%) - 4Business Risk Vs Pure (insurable) RisksRisks of a gain or loss Vs Risk of a loss
- 5Tools and techniques to Identify Risks- Documentation Reviews
- Information-Gathering Techniques (Brainstorming, Delphi Technique, Interviewing, Root-cause analysis)
- SWOT Analysis
- Checklist Analysis
- Assumption Analysis
- Diagramming Techniques - 6Output of Identify Risks- List of Risks
- List of Potential Responses
- Root-Cause Analysis
- Updated Risk Categories - 7Tools to Perform Qualitative Risk Analysis- Probability and Impact Matrix
- Risk Data Quality Assessment
- Risk Categorization
- Risk Urgency Assessment - 8Outputs of Perform Qualitative Risk Analysis- Risk Register Updates
-- Risk Ranking for the project compared to other projects
-- List of prioritized risks and their probability and impact ratings
-- Risks grouped by categories
-- List of risks for additional analysis and response
-- List of risks requiring additional analysis in the near term
-- Watch list (noncritical risks) - 9Tools to Perform Quantitative Risk Analysis- Determining Quantitative Probability and Impact
- Sensitivity Analysis (Tornado Diagram)
- Expected Monetary Value Analysis (EMV= PxI)
- MonteCarlo Analysis (Simulation Technique)
- Decision Tree
- Proving the Value of Project Management - 10Outputs of Perform Quantitative Risk Analysis- Prioritized list of quantified risk
- Initial amount of contingency time and cost reserved needed
- Possible realistic and achievable completion dates and project costs
- The quantified probability of meetings project objectives
- Trends in quantitative risk analysis - 11Risk Response Strategies (Risk Mitigation Strategies)Threats (Avoid, Mitigate, Transfer)
Opportunities (Exploit, Enhance, Share)
Threats and Opportunities --> Accept - 12Output of Plan Risk Responses- Project Management Plan Updates
- Project Document Updates
- Risk Register Updates (Residual Risks, Contingency plans, fallback plans, Risk owners, secondary risks, risk triggers, contracts, reserves (contingencies & Management) - 13Control Risks- Workaround
- Risk Reassessment
- Risk Audits
- Reserve Analysis
- Meetings
- Closing of Risks that are NOT longer applicable - 14Output of Control Risks- Work Performance Information
- Risk Register Updates
- Change Requests, recommended preventive and corrective actions
- Project Management Plan Updates
- Organizational Process Assets Updates
Information
- Description
- Certificado PMP (Dirección de Proyectos) Dirección de Proyectos Flashcards on 11. Risk Management, created by Finanzas Propias on 06/11/2016.
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- Finanzas Propias
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