11114 ENTERPRISE ENVIRONMENTAL FACTORS The enterprise environmental factors

11114 enterprise environmental factors the enterprise

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11.1.1.4 ENTERPRISE ENVIRONMENTAL FACTORS The enterprise environmental factors that can influence the Plan Risk Management process include but are not limited to overall risk thresholds set by the organization or key stakeholders. 11.1.1.5 ORGANIZATIONAL PROCESS ASSETS The organizational process assets that can influence the Plan Risk Management process include but are not limited to: u Organizational risk policy; u Risk categories, possibly organized into a risk breakdown structure; u Common definitions of risk concepts and terms; u Risk statement formats; u Templates for the risk management plan, risk register, and risk report; u Roles and responsibilities; u Authority levels for decision making; and u Lessons learned repository from previous similar projects.
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404 Part 1 - Guide 11.1.2 PLAN RISK MANAGEMENT: TOOLS AND TECHNIQUES 11.1.2.1 EXPERT JUDGMENT Described in Section 4.1.2.1. Expertise should be considered from individuals or groups with specialized knowledge or training in the following topics: u Familiarity with the organization’s approach to managing risk, including enterprise risk management where this is performed; u Tailoring risk management to the specific needs of a project; and u Types of risk that are likely to be encountered on projects in the same area. 11.1.2.2 DATA ANALYSIS Data analysis techniques that can be used for this process includes but are not limited to a stakeholder analysis (Section 13.1.2.3) to determine the risk appetite of project stakeholders. 11.1.2.3 MEETINGS The risk management plan may be developed as part of the project kick-off meeting or a specific planning meeting may be held. Attendees may include the project manager, selected project team members, key stakeholders, or team members who are responsible to manage the risk management process on the project. Others outside the organization may also be invited, as needed, including customers, sellers, and regulators. A skilled facilitator can help participants remain focused on the task, agree on key aspects of the risk approach, identify and overcome sources of bias, and resolve any disagreements that may arise. Plans for conducting risk management activities are defined in these meetings and documented in the risk management plan (see Section 11.1.3.1).
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�� 405 11.1.3 PLAN RISK MANAGEMENT: OUTPUTS 11.1.3.1 RISK MANAGEMENT PLAN The risk management plan is a component of the project management plan that describes how risk management activities will be structured and performed. The risk management plan may include some or all of the following elements: u Risk strategy. Describes the general approach to managing risk on this project. u Methodology. Defines the specific approaches, tools, and data sources that will be used to perform risk management on the project. u Roles and responsibilities. Defines the lead, support, and risk management team members for each type of activity described in the risk management plan, and clarifies their responsibilities.
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