Enter Title

11.1 Plan Risk Management

100

Describes the general approach to managing risk on a project

What is:

Risk Strategy

200

Plan Risk Management Outputs

What is:

Risk Management Plan

300

4 types of Level 1 risks of a Risk Breakdown Structure

What is: 

1. Technical Risk

2. Management Risk

3. Commercial Risk

4. External Risk

400

Plan Risk Management Inputs

What is:

• Project charter
• Project management plan
  • All components
• Project documents
  • Stakeholder register
• Enterprise environmental factors
• Organizational process assets

500

Plan Risk Management Tools and Techniques

What is

• Expert judgment
• Data analysis
  • Stakeholder analysis
• Meetings

11.2 Identify Risks

100

Identify Risks Outputs

What is:

• Risk Register
• Risk report
• Project documents updates
  • Assumption log
  • Issue log
  • Lessons learned register

200

Technique examining the degree to which organizational strengths may offset threats and determines if weaknesses may hinder opportunities

What is:

SWOT Analysis

300

Risk register content

What is: 

1. list of identified risks

2. potential risk owners

3. list of potential risk responses

400

Identify Risks Tools and Techniques

What is:

• Expert judgment
• Data gathering
  • Brainstorming
  • Checklists
  • Interviews
• Data analysis
  • Root cause analysis
  • Assumption and constraint analysis
  • SWOT analysis
  • Document analysis
• Interpersonal and team skills
  • Facilitation
• Prompt lists
• Meetings

500

Identify Risk Inputs

What is: 

• Project management plan
  • Requirements management plan
  • Schedule management plan
  • Cost management plan
  • Quality management plan
  • Resource management plan
  • Risk management plan
  • Scope baseline
  • Schedule baseline
  • Cost baseline
• Project documents
  • Assumption log
  • Cost estimates
  • Duration estimates
  • Issue log
  • Lessons learned register
  • Requirements documentation
  • Resource requirements
  • Stakeholder register
• Agreements
• Procurement documentation
• Enterprise environmental factors
• Organizational process assets

11.3 Perform Qualitative Risk Analysis

100

Perform Qualitative Risk Analysis Outputs

What is:

Project documents updates

• Assumption log
• Issue log
• Risk register
• Risk report

200

Perform Qualitative Risk Analysis Inputs

What is:

• Project management plan
  • Risk management plan
• Project documents
  • Assumption log
  • Risk register
  • Stakeholder register
• Enterprise environmental factors
• Organizational process assets

300

Considers the likelihood that a specific risk will occur, potential effect on one or more project objectives such as: Schedule, Cost, Quality and Performance

What is:

Risk Probability and Impact Assessment

400

Common characteristics of Risk

What is: 

1. Urgency

2. Proximity

3. Dormancy

4. Managemeability

5. Controllability

6. Detectability

7. Connectivity

8. Strategic Impact

9. Propinquity

500

Perform Qualitative Risk Analysis Tools and Techniques

What is: 

• Expert judgment
• Data gathering
  • Interviews
• Data analysis
  • Risk data quality assessment
  • Risk probability and impact assessment
  • Assessment of other risk parameters
• Interpersonal and team skills
  • Facilitation
• Risk categorization
• Data representation
  • Probability and impact matrix
  • Hierarchical charts
• Meetings

11.4 Perform Quantitative Risk Analysis

100

Risk Report

What is:

Describes sources of overall project risk and the current overall project risk status

200

Perform Quantitative Risk Analysis Outputs

What is: 

Project documents updates

• Risk report

300

Perform Quantitative Risk Analysis Tools and Techniques

What is:

• Expert judgment
• Data gathering
  • Interviews
• Interpersonal and team skills
  • Facilitation
• Representations of uncertainty
• Data analysis
  • Simulation
  • Sensitivity analysis
  • Decision tree analysis
  • Influence diagrams

400

Perform Quantitative Risk Analysis Inputs

What is:

• Project management plan
  • Risk management plan
  • Scope baseline
  • Schedule baseline
  • Cost baseline
• Project documents
  • Assumption log
  • Basis of estimates
  • Cost estimates
  • Cost forecasts
  • Duration estimates
  • Milestone list
  • Resource requirements
  • Risk register
  • Risk report
  • Schedule forecasts
• Enterprise environmental factors
• Organizational process assets

500

Simulations are typically performed using this analysis.

What is:

Monte Carlo

11.5 Plan Risk Responses

100

Technique that can be used to select a risk response strategy

What is: 

Decision Making

200

Plan Risk Response Inputs

What is:

• Project management plan
  • Resource management plan
  • Risk management plan
  • Cost baseline
• Project documents
  • Lessons learned register
  • Project schedule
  • Project team assignments
  • Resource calendars
  • Risk register
  • Risk report
  • Stakeholder register
• Enterprise environmental factors
• Organizational process assets

300

Plan Risk Response Outputs

What is: 

• Change requests
• Project management plan updates
  • Schedule management plan
  • Cost management plan
  • Quality management plan
  • Resource management plan
  • Procurement management plan
  • Scope baseline
  • Schedule baseline
  • Cost baseline
• Project documents updates
  • Assumption log
  • Cost forecasts
  • Lessons learned register
  • Project schedule
  • Project team assignments
  • Risk register
  • Risk report

400

Plan Risk Response Tools and Techniques

What is:

• Expert judgment
• Data gathering
  • Interviews
• Interpersonal and team skills
  • Facilitation
• Strategies for threats
• Strategies for opportunities
• Contingent response strategies
• Strategies for overall project risk
• Data analysis
  • Alternatives analysis
  • Cost-benefit analysis
• Decision making
  • Multicriteria decision analysis

500

5 alternative strategies may be considered for dealing with threats

What is:

1. Escalate

2. Avoid

3. Transfer

4. Mitigate

5. Accept