Plan Risk management.
Identify Risk Analysis
Identify all the risk on the Projects
use tools such as brain storming, root
cause analysis, documentation review,
check list, interviews, SWOT Analysis,
assumption and constraints Analysis and
How will you perform Risk management onPrompt list to faciliate Risk identification
Involve and engage stakeholders in the
What risk management policies or preceduRisk management process
When will the processess and procedures Risk register updates including:
How will risk be identified, and what tools List of Risks
What are stakeholders roles and responsibpotential risk owners
How will you budget for Risk managementList of potential risk responses
Risk report with summary information on
Risk details and the sources of overall
What are the appetities and thresholds forProject
Project document updates such as lessons
learned in the identification of risk for the
Project, any issues and new or existing
Risk management plan assumptions and constratin informations.
Perform Qualitiative Risk Analysis Perform Quantative Risk Analysis
Qualitatively determine which risk events warrants a response Numerically evaluate the top risks.
Quantatively determine which risks
Assess the quality of the Risk data warrant a response
complete a risk urgency assessment Determine initial reserves
Subjectively determine the probability and impact of all risk Create realistic time and cost objectives
Determine if you will perform quantative Risks Analysis or Determine the Probability of meeting
proceed directly to risk response planning Project objects
Find a ways to represent the Analysed data from qualitative Project document updates including the
Risk Analysis following to the risk report
Assessment of overall Project risk
Document the watch list(non-critical risk) exposure
Determine the overall risk ranking for the Project Probability of meeting objectives
Interpreted quantative analysis results,
such as key sources of overall Project
Risk register updates including risk.
Risk ranking of the Project as compared to other Projects Prioritized list of Indivual project risk
List of Prioritzed risk Trends in quantative risk analysis results
Risk by category Recommanded risk responses
Risk needing additional Analysis and response Initial reserves
Updates to the risk register on the
specific analysis for individual project
Watch list risks
Data on Probability and impact Analysis
Data on Risk urgency
Assumptions and constraints analysis updates in Assumption log
Risk Responses Implement Risk responses
Use risk response strategies to decrease Implement contingency and fallback
Project threats and increase oppertunities plans(Risk owners and resources
Answer questions and facilitate
Create contingency and fall back plans clarification of plan details
communicate with stakeholders
Determine secondary and residual Risk according to plan
change request to Project management
plan, including schedule and cost
Calculate final reserves baselines
Updates to Project lessons learned
register, including the effectiveness of
risk responses and recommandations for
Determine Risk owners(if not already done) managing future risks
Updates to the issue log regarding areas
Identify Risk registers of confusion or disagreement
Accept or escalate risk where appropriate Update to Risk report regarding
overall project risk exposure after
Change request implementing planned responses
Updates to the Project management plan and
Project documents including changes to planned risk responses
Updates to the risk register, including
Assumption log data on risk response implementations
cost forecasts
Lessons learned register
Project schedule
Project team assignments
Risk report
Updates to the Risk register including
Residual and secondary risk
contingency and fall back plans
risk owners
Triggers
Final reserves
contracts
Accepted risk
Monitor Risk
Respond to risk triggers
Monitor residual risk
create workarounds
Evaluate effectiveness of plans
Looks for additional risk then
qualify, quantify, and plan
responses for them as necessary
Revisit the watch list
Analyse work perform data and
look for trends
Update plans
communicate risk status
close risks
recommand changes, including
corrective and preventive
actions
Perform risk audits and risk
reviews
perform reserve analysis
Work Performance information
Updates to the risk register and
other Project documents
including:
Outcomes of risk reviews and
audits
New risk
closed Risk
details of risk occurance
Lessons learned
work arounds
change requests, including
recommended corrective and
preventive actions
Updates to the Project
management plan and
organization process assets
Updates to risk report
