PMBok 7th Risk Management : Risk Analysis

PMBok 7th Risk Management : Risk Analysis

• Task 1 : Perform qualitative analysis
  • Perform a nominal classification or risks in the RBS using classifications from the risk management plan
    • e.g.
      • Environment
      • Organizational
      • Project management
      • Technical
    • Others
  • Estimate the impact of risk on project schedule, budget, resources, and scope
  • Prioritize the risk based on impact, and urgency
  • Apply the risk matrices
    • Agreed-upon assessment approach
    • Historical information
    • Definitions of probability and impact
    • Risk categories
    • Pre-established criteria
  • Perform an ordinal classification
  • Coach stakeholders on risk categorization strategies
• Task 2 : Perform quantitative analysis
  • Analyze risk data and process performance information against established metrics
  • Analyze a project’s general risks
  • Perform a forecast and trend analysis on new and historical information
  • Perform sensitivity analysis
    • Monte Carlo
    • Decision trees
    • Critical path
    • Expected monetary value, etc.
    • Others
  • Perform risk weighting and calculate risk priority
• Task 3 : Identify threats and opportunities
  • Assess project risk complexity
    • SWOT analysis
    • Ishikawa Diagram
    • Tree Diagram
  • Perform an impact analysis on project objectives o project scopes, schedule cost, and resources, quality, and stakeholders
  • Assess project compliance objectives against organizational strategic objectives
    • Procedures
    • Project plans
    • Corporate
    • Project governance
    • Regulatory governance
    • Others
  • Empower stakeholders to independently identify threats and opportunities

PMI-RMP Certification exam flashcards

Created : 23/05/2022