Project Risk Management (Chapter 11 of the PMBOK® Guide Fourth Edition) presents an overview of project risk management area and discussion on its constituent project management processes. A project manager has to ensure that his/her project ends successfully. A risk, in the sense of threat or opportunity, can significantly affect a project success, thereby requiring due consideration on the part of project manager. This chapter provides a framework for handling risks on an individual project - risk management planning, risks identification & analysis, risks prioritization, development of response strategies, and ongoing monitoring and controlling of risks.
Objectives
- To introduce project risk management and highlight its importance
- To discuss all the constituent project management processes of project risk management knowledge area and understand what they are used for
- To discuss inputs, tools & techniques, and outputs of all the project management processes of project risk management knowledge area
Topics
- Introduction to Project Risk Management
- "Plan Risk Management" process
- "Identify Risks" process
- "Perform Qualitative Risk Analysis" process
- "Perform Quantitative Risk Analysis" process
- "Plan Risk Responses" process
- "Monitor and Control Risks" process
Recommended Readings
- Chapter 11 of the PMBOK® Guide Fourth Edition
- Chapter 11 of Head First PMP® Second Edition
Recommended Free Online Resources
- Introduction to Project Risk Management
- Plan Risk Management
- Identify Risks
- Perform Qualitative Risk Analysis
- Perform Quantitative Risk Analysis
- Plan Risk Responses
- Monitor and Control Risks
