Flashcards
Task 10: Risk Management
Cards in this deck (16)
- 1Plan Risk Management1. Plan Risk Mgmt
2. Identify Risks
3. Perform Qualitative Risk Analysis
4. Perform Quantitative Risk Analysis
5. Plan Risk Response - 2Risk RegisterDefines how outcome of the process will be documented, analyzed and communicatred
- 3RBS (Risk Breakdown Structure)Hierarchical Structure on how Risks are categorized and sub categorized which identifies the areas and causes of risks
- 4RISK IDENTIFICATIONdETERMINE WHICH RISKS WILL AFFECT THE PROJECT. cHARACTERISTICS OF EACH RISK ARE DOCUMENTED
- 5Identify Risks - InputsRisk MP
Schedule Plan
HR Plan
PMP
Cost Management Plan
Cost estimate
activity duration estimate
scope baseline
eef, OPA
Quality Management Plan
Project Docs - 6identify Risks - ToolsChecklist Analysis
SWOT Analysis
Information Gathering
Documentation Review
Diagramining Techniques - Cause and effect, System or process flowchart, ishikawa or fishbone diagrams, influence diagram
expert judgement
Assumption analysis - 7Qualitative Risk AnalysisProcess of priroritizing risk based on the probability of occurances and impact to the project. Focuisng on highlevel risks can improve project performance
Output - Risk register - 8inputs - perform qualitative riskrisk MP
Risk register
EEF
OPA
scope basline - 9Toools - Perform Qualitative Riskrisk probability and impact assessment
probability and impact matrix
expert judgement
risk urganecy assessment
risk categorization
risk data quality assessment
Output - updates project documents - 10Perform Quantative Risk Analysisprocess of numerical analysis to identify effect of risks in a project
- 11Input - Quantative RiskRMP
CMP\
SMP
RR
EEF
OPA - 12Tools - Quantative RiskData gathering review and anaylsis
probability distribution, uniform, discreet
Quatative Risk techniques and modeling tools
Expert judgement
sensitivity analysis
EMV
Montecarlo technique
Output: project doc updates - 13Plan Risk Responseinvolves PM and team discussing and developin options for opportunities for successful project completion and reduce threats
- 14inputs : plan risk responseRisk MP
Risk Register - 15Tools Risk ResponseStrategioes for negative risk response or threats
risk avaiodance
risk transference
risk mitigation
Strategies for positive response or threat
risk exploitation
risk enhancing
risk sharing
contingent responses strategies
expert judgement - 16Output Risk ResponseProject MP updates
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- Flashcards on Task 10: Risk Management, created by asem.latif on 30/09/2015.
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- asem.latif
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