Project Risk Management

Describe success factors and benefits arising from effective risk management

Explain human behaviour factors affecting risk management

Establish the project context and conduct an initial risk assessment

Define an appropriate strategy and produce a risk management plan

Define risk identification strategies and apply appropriate identification methods

Identify and record important risk information including ownership

Establish risk probability and impact levels; produce probability impact charts and severity time charts

Establish exposure levels and contingency requirements

Explain the principles of quantitative analysis

Define and evaluate response options

Implement effective risk management process control

Terminology

Purpose

Success factors

Benefits and overall process

Human factors that impact on risk management

Analyse and determine context factors relevant to risk management

Develop a robust risk management strategy for the life of the project

How to conduct an initial risk assessment and define an outline strategy

Development of a risk identification strategy

Appropriate methods and their strengths and weaknesse

Determine an appropriate strategy and identify risks in a given case study

Slide titles

Bullet points

Applying animation to Slide Master

Methods commonly used for assessing and prioritising risks

Evaluating exposure and contingency requirement

Demonstration of quantitative methods and exercises to assess risks and contingency levels

Appropriate methods for responding to risks

Defining implementation and control plans

Assigning ownership

Defining appropriate plans

Conducting net benefits analysis and examining effectiveness

Organisational interfaces and specific requirements to ensure appropriate controls

Improvements and compliance with governance requirements