Professional Documents
Culture Documents
Identify Risks
Project Charter
Stakeholder Register
OPA
Risk categories,
Stakeholder register
Risk register
Standard templates,
Roles and responsibilities,
Authority levels for decision making
Lessons learned.
Procurement documents
Organizational process assets include
information on prior, similar completed projects.
Identify Risks
Enterprise environmental factors
( Published information, including
commercial databases, Academic studies,
Published checklists, Benchmarking,
Industry studies, and Risk attitudes.
Identify Risks
Expert Judgment
Meetings
Tools &
Techniques
Risk Urgency Assessment Risks requiring nearterm responses may be considered more urgent to
address, In some qualitative analyses, the
assessment of risk urgency is combined with the
risk ranking that is determined from the probability
and impact matrix to give a final risk severity rating.
Identify Risks
Expert Judgment
Qualitative
Risk
Analysis
Expert Judgment
to assess
the
probability and
impact of each risk to determine its location in the
matrix (with the use of risk facilitation workshops or
interviews. The experts bias should be taken into
account in this process.
Outputs
Identify Risks
Risk Register
Responses process
Risk categories. Provide a means for
grouping potential causes of risk(RBS)
Definitions of risk
probability and impact
Probability and impact
matrix.(lock up table )
Revised stakeholders tolerances
Assumptions log updates.
Reporting formats
Identify Risks
Risk register
Risk register
Risk register
Enterprise environmental factors (Industry studies,
Risk databases)
Organizational process assets include information on
prior, similar completed projects.
Probability distributions
used extensively in modeling and simulation, represent
the uncertainty in values such as durations of schedule
Strategies for Positive Risks or
activities and costs of project components, In these
Opportunities
charts the horizontal (X) axes represent possible values of
time or cost and the vertical (Y) axes represent relative
Contingent Response Strategies
likelihood.
Discrete distributions can be used to represent uncertain
events, such as the outcome of a test or a possible
scenario in a decision tree (can be classified as
Probabilistic outcome method)
Some responses are designed for use only
if certain events occur Events that trigger
the contingency response, such as missing
intermediate milestones or gaining higher
priority with a supplier, should be defined
and tracked, Risk responses identified
Quantitative Risk Analysis and Modeling
using this technique are often called
Techniques
contingency plans or fallback plans
Sensitivity analysis, Purposes for Computer modeler :
and include identified triggering events
Model development, Decision making or the development that set the plans in effect.
of recommendations for decision makers,Increased
understanding or quantification of the system
Uniform distributions can be used if there is no obvious
value that is more likely than any other between
specified high and low bounds, such as in the early
concept stage of design.
Change requests