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Risk Management

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Project Risk Management Presented by: Rajesh Sharma
RISK ,[object Object]
Sample Risk Register / Risk Analysis ,[object Object],[object Object],[object Object],[object Object],Impact 3 R7 2 R21 1 R44 Status Severity Probability Risk Owner Potential Responses Triggers Root Cause Category Description Risk Rank No.
Calculating severity Project severity = expectation (1-10) * impact (1-10) 25 5 5 Communication and Networks problem 40 8 5 Late delivery of hardware 30 5 6 Staff Severity Impact Expectation Problem
Qualitative Risk Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object]
Probability/Impact Matrix ,[object Object],[object Object],[object Object],[object Object]
Sample Probability/Impact Matrix
Top Ten Risk Item Tracking ,[object Object],[object Object],[object Object]
Example of Top Ten Risk Item Tracking
Expert Judgment ,[object Object],[object Object],[object Object]
Quantitative Risk Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Decision Trees and Expected Monetary Value (EMV) ,[object Object],[object Object],[object Object]
Figure 11-6. Expected Monetary Value (EMV) Example
Risk Response Planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
General Risk Mitigation Strategies for Technical, Cost, and Schedule Risks
Response Strategies for Positive Risks ,[object Object],[object Object],[object Object],[object Object]
Residual and Secondary Risks ,[object Object],[object Object],[object Object]
Risk Monitoring and Control ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Using Software to Assist in Project Risk Management ,[object Object],[object Object]
Results of Good Project Risk Management ,[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Risk
RiskRisk
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Risk Management