30 June 2022

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

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