A Guide to Project Management

That respond to individual risks or categories of

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Unformatted text preview: etermine if: Risk responses have been implemented as planned. Risk response actions are as effective as expected, or if new responses should be developed. Project assumptions are still valid. Risk exposure has changed from its prior state, with analysis of trends. A risk trigger has occurred. Proper policies and procedures are followed. Risks have occurred or arisen that were not previously identified. Risk control may involve choosing alternative strategies, implementing a contingency plan, taking corrective action, or replanning the project. The risk response owner should report periodically to the project manager and the risk team leader on the effectiveness of the plan, any unanticipated effects, and any mid-course correction needed to mitigate the risk. geE L geE PL P 144 NAVIGATION LINKS ACROYMNS LIST ACRONYMS LIST ACROYMNS LIST A Guide to the Project Management Body of Knowledge (PMBOK Guide) 2000 Edition 2000 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299 USA Chapter 11--Project Risk Management Inputs Risk management plan Risk response plan Project communication Additional risk identification and analysis .5 Scope changes .1 .2 .3 .4 Tools & Techniques .1 Project risk response audits .2 Periodic project risk reviews .3 Earned value analysis .4 Technical performance measurement .5 Additional risk response planning .1 .2 .3 .4 Outputs Workaround plans Corrective action Project change requests Updates to the risk response plan .5 Risk database .6 Updates to risk identification checklists 11.6.1 .1 .2 .3 Inputs to Risk Monitoring and Control Risk management plan. The risk management plan is described in Section 11.1.3. Risk response plan. The risk response plan is described in Section 11.5.3.1. Project communication. Work results and other project records described in Section 10.3.1 provide information about project performance and risks. Reports commonly used to monitor and control risks include Issues Logs, Action-Item Lists, Jeopardy Warnings, or Escalation Notices. .4 Additional risk identification and analysis. As project performance is measured and reported, potential risks not previously identified may surface. The cycle of the six risk processes should be implemented for these risks. .5 Scope changes. Scope changes often require new risk analysis and response plans. Scope changes are described in Section 5.5.3.1. A Guide to the A Guide to the 11.6.2 Tools and Techniques for Risk Monitoring and Control .1 Project risk response audits. Risk auditors examine and document the effectiveness of the risk response in avoiding, transferring, or mitigating risk occurrence as well as the effectiveness of the risk owner. Risk audits are performed during the project life cycle to control risk. .2 Periodic project risk reviews. Project risk reviews should be regularly scheduled. Project risk should be an agenda item at all team meetings. Risk ratings and prioritization may change during the life of the projec...
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This document was uploaded on 09/27/2013.

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