SPM-10 Project Risk Management.pptx - Chapter 11 CHAPTER 11...

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CHAPTER 11PROJECT RISKMANAGEMENTChapter 11
Project Risk ManagementProject Risk Management includes the processes concerned with conducting risk management planning, identification, analysis, responses, and monitoring and control on a project; most of these processes are updated throughout the project. The objectives of Project Risk Management are to increase the probability and impact of positive events, and decrease the probability and impact of events adverse to the project.
11.1 Plan Risk Management11.2 Identify Risks 11.3 Perform Qualitative Analysis11.4 Perform Quantitative Analysis11.5 Plan Risk Responses11.6 Control RisksChapter 11 - ContentsPROJECT RISK MANAGEMENT
Risk ManagementPROJECT RISK MANAGEMENT
THREE THEMES
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11.1Project Scope StatementCost Management PlanSchedule Management PlanCommunications Management PlanEnterprise EnvironmenInputs1Tools and Techniques2Outputs3Process 11.1Plan Risk ManagementRisk Management Plan____________Planning Meetings and Analysis___________Reference: Figure 11.2.PMBOK® Guide, 4thEdReference: Figure 11.2.PMBOK® Guide, 4thEd8Risk2PlanningPROCESS OF DEFINING HOW TO CONDUCT RISK MANAGEMENT ACTIVITIES FOR A PROJECT.
Risk Management Plan
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11.2Risk Management PlanActivity Cost EstimatesActivity Duration EstimatesScope BaselineStakeholder RegisterCost Management PlanSchedule Inputs1Tools and Techniques2Outputs3Process 11.2Identify RisksRisk Register____________Reference: Figure 11.6.PMBOK® Guide, 4thEdReference: Figure 11.6.PMBOK® Guide, 4thEd8Risk2PlanningDocumentation ReviewsInformation Gathering TechniquesChecklist AnalysisAssumptions AnalysisDiagramming TechniquesSWOT PROCESS OF DETERMINING WHICH RISKS MAY AFFECT THE PROJECT AND DOCUMENTING THEIR CHARACTERISTICS.
Introduction to RiskRisk – Events or consequences that have the probability of occurring during a project and that are measured by their impacts on the projectComponentsRisk eventRisk event probabilityRisk outcome or consequence (Amount at stake)Risk event status (Probability x amount at stake)
Risk IdentificationTypes Business (profit or loss) and insurable (loss)Known known Total certaintyKnown unknown Degree of uncertaintyUnknown unknown Total uncertaintyCategories External, unpredictable Regulatory, etc.External, predictable Market risksInternal, non-technical ManagementTechnical DesignLegal Contractual
INFORMATION GATHERING
CHECKLIST ANALYSIS
ASSUMPTIONS ANALYSIS
DIAGRAMMING TECHNIQUES
INFLUENCE DIAGRAM
SWOT ANALYSIS

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