11 - PM - Risk Management

12
PROJECT MANAGEMENT Risk Management

description

Project Management

Transcript of 11 - PM - Risk Management

  • PROJECT MANAGEMENT

    Risk Management

  • Risk Management

    Includes the processes of conducting risk

    management planning, identification, analysis,

    response planning, and controlling risk on a project

  • Risk Management

  • 11.1 Plan Risk Management

    Is the process of defining how to conduct risk

    management activities for a project.

    Ensures that the degree, type, and visibility of risk

    management are commensurate with both the risks

    and the importance of the project to the

    organization

  • 11.1 Plan Risk Management

  • Risk Management Plan

    Is a component of the project management plan and describes how risk management activities will be structured and performed

    The risk management plan includes

    Methodology

    Roles and responsibilities

    Budgeting

    Timing

    Risk categories

    Definitions of risk probability and impact

    Probability and impact matrix

    Revised stakeholders tolerances

    Reporting formats

    Tracking

  • Probability and impact matrix

  • 11.2 Identify Risks

    Is the process of determining which risks may affect

    the project and documenting their characteristics

    Documentation of existing risks and the knowledge

    and ability it provides to the project team to

    anticipate events

  • 11.2 Identify Risks

  • Diagramming Techniques

    Cause and effect diagrams

    Also known as Ishikawa or fishbone diagrams are useful for identifying causes of risks

    System or process flow charts

    Show how various elements of a system interrelate and the mechanism of causation

    Influence diagrams

    Graphical representations of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes

  • Diagramming Techniques

  • SWOT Analysis

    Examines the project from each of the strengths,

    weaknesses, opportunities, and threats (SWOT)

    perspectives to increase the breadth of identified

    risks by including internally generated risks

    Starts with identification of strengths and

    weaknesses of the organization, focusing on either

    the project, organization, or the business area in

    general


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