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PROJECT RISK MANAGEMENT (What is Risk Management (Identify, Analysis,…
PROJECT RISK MANAGEMENT
What is
Risk Management
Identify
Analysis
Control
Avoidance
Minimize
or
Eliminate
unacceptable risk
Threats
or
risk
from
variety sources
Financial uncertainty
Legal liabilities
Accident
Natural disaster
Organisation use
Risk assumption
Risk avoidance
Risk retention
Risk transfer
or
Strategy
for
future management event
Importance
of risk management
Proper
identify
all risk
Determine impact
and probability identified risk
Element
of risk management planning
A.
Identify assets
to be
protected
B.
Identify threats
to those assets
C.
Apply controls
in layered until the risk reduce to acceptable level
D.
Test adequacy
and
effectiveness
of the control
E.
Monitor the program
and
periodically
repeat the process
Common sources
of risk IT projects
A.
Unknown stakeholders
B.
Inappropriate staffing
C.
Infrequent deliverables
D.
Disastrous events