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Table Of Contents

1.1 Purpose of the Practice Standard for Project Risk Management
Figure 1-1. Hierarchy of PMI Project Risk Management Resources
1.2 Project Risk Management Definition
1.3 Role of Project Risk Management in Project Management
1.4 Good Risk Management Practice
1.5 Critical Success Factors for Project Risk Management
Figure 1-2. Critical Success Factors for Project Risk Management
1.6 Conclusion
2.1 Introduction
2.2 Definition of Project Risk
2.3 Individual Risks and Overall Project Risk
2.4 Stakeholder Risk Attitudes
2.5 Iterative Process
2.6 Communication
2.7 Responsibility for Project Risk Management
2.8 Project Manager’s Role for Project Risk Management
3.1 Project Risk Management and Project Management
3.2 Project Risk Management Processes
Figure 3-1. Project Risk Management Process Flow Diagram
4.1 Purpose and Objectives of the Plan Risk Management Process
4.2 Critical Success Factors for the Plan Risk Management Process
4.2.2 Involve Project Stakeholders in Project Risk Management
4.2.3 Comply with the Organization’s Objectives, Policies, and Practices
4.3 Tools and Techniques for the Plan Risk Management Process
4.3.1 Planning Sessions
4.3.2 Templates
4.4 Documenting the Results of the Plan Risk Management Process
Figure 4-1. Key Areas of Focus for the Plan Risk Management Process
5.1 Purpose and Objectives of the Identify Risks Process
5.2 Critical Success Factors for the Identify Risks Process
5.2.1 Early Identification
5.2.2 Iterative Identification
5.2.3 Emergent Identification
5.2.4 Comprehensive Identification
5.2.5 Explicit Identification of Opportunities
5.2.6 Multiple Perspectives
5.2.7 Risks Linked to Project Objectives
5.2.8 Complete Risk Statement
5.2.9 Ownership and Level of Detail
5.2.10 Objectivity
5.3 Tools and Techniques for the Identify Risks Process
Figure 5-1. Three Perspectives of Risk Identification
5.3.1 Historical Review
5.3.2 Current Assessments
5.3.3 Creativity Techniques
5.4 Documenting the Results of the Identify Risks Process
Figure 6 -1. Building Risk Analysis Credibility
6.2.1 Use Agreed-Upon Approach
6.2.2 Use Agreed-Upon Definitions of Risk Terms
6.2.3 Collect High-Quality Information about Risks
6.2.4 Perform Iterative Qualitative Risk Analysis
Figure 6-2. The Perform Qualitative Risk Analysis Process
6.3.2 Collect and Analyze Data
6.3.5 Categorize Risk Causes
Figure 7-1. Comparison of Qualitative and Quantitative Approaches
7.2.1 Prior Risk Identification and Qualitative Risk Analysis
7.2.2 Appropriate Project Model
7.2.3 Commitment to Collecting High-Quality Risk Data
7.2.4 Unbiased Data
7.2.5 Overall Project Risk Derived from Individual Risks
7.3.1 Comprehensive Risk Representation
7.3.2 Risk Impact Calculation
7.3.4 Data Gathering Tools
7.3.5 Effective Presentation of Quantitative Analysis Results
Figure 7-2. Structure of a Quantitative Risk Analysis
7.3.6 Iterative Quantitative Risk Analysis
7.3.7 Information for Response Planning
8.1 Purpose and Objectives of the Plan Risk Responses Process
8.2 Critical Success Factors for the Plan Risk Responses Process
Figure 8-1. Critical Success Factors for Risk Response Planning
8.2.1 Communicate
8.2.2 Clearly Define Risk-Related Roles and Responsibilities
8.2.3 Specify Timing of Risk Responses
8.2.5 Address the Interaction of Risks and Responses
8.2.7 Address Both Threats and Opportunities
8.2.8 Develop Strategies before Tactical Responses
8.3 Risk Response Strategies
8.3.1 Avoid a Threat or Exploit an Opportunity
8.3.2 Transfer a Threat or Share an Opportunity
8.3.3 Mitigate a Threat or Enhance an Opportunity
8.3.4 Accept a Threat or an Opportunity
8.4 Tools and Techniques for the Plan Risk Responses Process
8.4.1 Response Identification
8.4.2 Response Selection
8.4.3 Action Planning
8.4.4 Ownership and Responsibility Assignment
Figure 8-2. The Steps Involved in Planning Risk Responses
8.5.1 Add Risk Responses to the Risk Register
8.5.3 Review and Document Predicted Exposure
Figure 9-1. Schematic Representation of the Monitor and Control Risks Process
9.2.2 Continuously Monitor Risk Trigger Conditions
9.2.3 Maintain Risk Awareness
9.3.1 Managing Contingency Reserves
9.3.2 Tracking Trigger Conditions
9.3.3 Tracking Overall Risk
9.3.4 Tracking Compliance
A.1 Introduction
B.1 Pre-Project
B.2 Preliminary Work
B.3 Scope Changes
C.1 Practice Standard for Project Risk Management Project Core Team
C.2 Significant Contributors
C.3 Practice Standard for Project Risk Management Team Members
C.4 Final Exposure Draft Reviewers and Contributors
C.5 PMI Standards Member Advisory Group (MAG)
C.6 Staff Contributors
TOOLS, TECHNIQUES AND TEMPLATES FOR PROJECT RISK MANAGEMENT
D.1.1 Techniques
D.2 Techniques, Examples and Templates for Identify Risks (Chapter 5)
D.2.1 Techniques
D.3.1 Techniques for Perform Qualtitative Risk Analysis
Table D3. Techniques for Perform Qualitative Risk Analysis
D.4.1 Techniques for Perform Quantitative Risk Analysis
D.5 Techniques, Examples, and Templates for Plan Risk Responses (Chapter 8)
D.5.1 Techniques for Plan Risk Response
D.6.1 Techniques for Monitor and Control Risks Process
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Practice Standard Project Risk Management

Practice Standard Project Risk Management

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Published by: 1692005 on May 11, 2011
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