| Project Risk Management |
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What is Risk? |
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A Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives. |
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What is Risk Management? |
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Risk Management is an organized, systematic and structured way to Plan, Implement, Execute and Control Risk related activities.
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| Risk Management Process |
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Risk Management Process |
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Detailed overview of complete Risk Management process. |
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Risk Identification |
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Risk Identification Process. Different methodologies to identify Risk. |
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Risk Management Plan |
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Risk Managment plan. Various components of Risk Managment Plan. |
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Risk Management Plan Mindmap |
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Risk Management Plan Mind Map illustrates the various components of the Risk Management Plan. |
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Qualitative Risk Analysis |
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What is Qualitative Risk Analysis? Performing Qualitative Risk Analysis by using Risk Matrix. |
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Risk Matrix or Heat Map |
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Overview of Risk Matrix. How to use Risk Matrix for Risk Analysis. It is also called as Heat Map. |
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Perform Qualitative Risk Analysis on Risk Register |
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Performing Qualitative Risk Analysis on Risk Register. Specifying Probability and Impact for a Risk to calculate the Risk Score. |
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Quantitative Risk Analysis |
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Quantitative risk analysis provides a numerical estimate of the overall risk effect on the project’s objectives.
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Integrated Risk Analysis |
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Integrated Risk Analysis is doing Schedule and cost Risk analysis together using Monte Carlo Simulation. |
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Cost Risk Analysis |
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QCSA (Quantitative Risk Analysis) with the help o PERT. How to establish cost estimate and perform Cost Risk Analysis |
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Decision Tree Analysis |
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Decision Tree Analysis. Different terminologies use in Decision Tree Analysis. Developing Decision Tree for a Probabilistic Analysis. |
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Risk Response Planning |
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Risk Response planning is depending upon the Risk Rating. Risk Response planning helps to calculate schedule and cost contingencies or other alternatives.
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Control Risk |
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Tracking identified risks. Monitoring residual Risk that are on watch list.
Identifying new Risks. Risk Audit to evaluate Risk process effectiveness throughout the project.
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Risk Communication |
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Identifying Communication requirements of the stakeholders and planning for Risk Communication. |
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Stakeholder Analysis |
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Stakeholder Identification. Stakeholder categorization on the basis of their Power and Interest. Performing Stakeholder Analysis to prioritize Risk communication. |
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Risk Response Planning and Control Risks on Risk Register |
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Performing Risk Control and Risk Response on Risk Register. |
| Case Studies |
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Case Study -1 RM |
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Case Study -1 illustrates how to understand the problem and how to develop a flow chart to have a thorough understanding of a complete process. Perform Integrated Risk Analysis for a Product Development Project |
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Case Study – 2 RM |
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Case Study - 2. How to perform Schedule Risk Analysis on Level - I schedule for a process Industry |
