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Managing Risk (Risk Assessment (Risk Assessment matrix (User backlash,…
Managing Risk
Risk Assessment
Scenario Analysis
Probability of event
Impact of event
Risk Assessment matrix
User backlash
Interface problems
System freezing
Hardware Malfunction
FMEA
Risk Value
Impact
Probability
Detection
Probability Analysis
Optimistic
Pessimistic
Probability of Occurance
Potential critical path
Risk Response Development
Mitigating Risk
Avoiding Risk
Transferring Risk
Accept Risk
Opportunity Management
Exploit
Share
Enchance
Accept
Contigency Planning
Technical Risk
Schedule Risk
Cost Risk
Funding Risk
Contingency Fund & Time Buffer
Budget Reserves
Specific work package
WBS
Management reserves
Control by OWNER
Time Buffers
Severe risk Activity
Merge Activity
Non-critical Activity
Scarce resource activity
Risk Management Process
External
Inflation
Market acceptance
Exchange rate
Government regulations
Internal
Project Manager's Scope
Risk Identification
Risk Breakdown Structure(RBS)
Works with WBS
Identify and Analyze risk
Risk Profile
Areas of uncertainty
Risk Response Control
Risk Register
All Identified Risk
Executing risk response strategy
Monitor Triggering Events
Watch for new risks
Document Responsibility
Change Control Management
Change management system
Change in project baseline
Report
Control
Record
Project Communication Plan