project management, pmi approach (pmp) project risk management
DESCRIPTION
References : Book: PMP in Depth by P. Sanghera Book: The PMP Exam, How to Pass on Your First Try Project Management Lessons in Undergraduate Study. Just E.T.C for Business, Education, Technology, and Entertainment Solutions. - PowerPoint PPT PresentationTRANSCRIPT
PROJECT MANAGEMENT, PMI APPROACH (PMP)PROJECT RISK MANAGEMENT
Sayed AhmedBSc. Eng. in CSc. & Eng. (BUET, Bangladesh)MSc. in CSc. (University of Manitoba, Canada)http://sayed.JustEtc.nethttp://www.JustETC.net
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Just E.T.C for Business, Education, Technology, and Entertainment Solutions
References: Book: PMP in Depth by P. Sanghera Book: The PMP Exam, How to Pass on Your First Try Project Management Lessons in Undergraduate Study
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REFERENCES & SOURCES
Book: PMP in Depth by P. Sanghera Read on 2007
Book: The PMP Exam, How to Pass on Your First Try Read on 2007
Project Management Lessons in Undergraduate Study Articles from the Internet Originally created these notes back on 2007
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PROJECT RISK MANAGEMENT What is risk?
According to PMI Risk refers to an uncertain event that has positive or
negative effects on project objectives Risk Management Plan includes
tools and approaches to be used for
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RISK MANAGEMENT Risk Management
Identification and assignment of resources for risk management
Risk categories Risk Probabilities and impacts The format of risk reporting and tracking
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RISK MANAGEMENT PROCESS Processes of Risk Management Risk Identification Risk Analysis Risk Response Planning Risk Monitoring and Control
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RISK IDENTIFICATION PROCESS Risk Identification Process
Output of the Risk Identification Process Risk Register - a list of identified risks A list of the root causes of the risks An initial list of potential responses
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RISK ANALYSIS Risk Analysis
Output of the Risk Identification Process is used as the input
Qualitative Risk Analysis involves prioritization of risks based on a probability and impact matrix for each objective
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RISK ANALYSIS Quantitative Risk Analysis involves
Assessing the probabilities of meeting each project objective
Prioritization of the risks based on their total effect on the overall project objectives
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RISK RESPONSE PLAN Risk Response Plan
Based on the priority for each risk Take no action Take action if some events happen Take action