Pj tRikProject Risk Management - tRikProject Risk Management ... Project Risk Mng (PMBOK Guide Project Risk Mng (PMBOK Guide 20042004) ... Some Basics about Risks

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  • 11/8/2009

    P j t Ri kProject RiskManagement

    Hossein Avazkhah PMP, EMBA ,BScAryana Project Management Institute

    H_avazkah@Yahoo.com

    Gant.persianblog.ir

    PMI PMP EMBA

    PMI

    Project Risk Mng (PMBOK Guide Project Risk Mng (PMBOK Guide 20042004) ) Hossein Avazkhah Hossein Avazkhah PMP, EMBAPMP, EMBA

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    P3,P3e OPM3 PMO

    2

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    Contents

    Preface to PM & Risk Risk Management in PMBOK?

    Risk planningRisk identificationQualitative risk analysisQualitative risk analysis

    Project Risk Mng (PMBOK Guide Project Risk Mng (PMBOK Guide 20042004) ) Hossein Avazkhah Hossein Avazkhah PMP, EMBAPMP, EMBA

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    Qualitative risk analysisRisk Response Risk control

    Discussion

    Project

    Risk Management

    Project

    Risk Management

    If you dont actively attack risks, they will attack you.If you dont actively attack risks, they will attack you.

    52.7% of projects will cost 189% of their original estimates

    Risk ManagementRisk Management

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    Introduction

    Risk An uncertain event or condition that, if it occurs, , ,has a positive or negative impact on a project objective, such as time, cost, scope or quality.

    ComponentsRisk eventRisk probability

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    Risk probabilityRisk outcome or consequence (Impact)Risk event status Risk Exposure (Probability x Impact)

    Whats the Differences between..

    RiskRiskRisk managementProject risk managementManagement riskProject Management risk

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    Project Management risk

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    Always refers to the future

    Some Basics about Risks

    Normally refers to the untoward

    Start Risk Management at the beginning of the projectReview risks throughout the project (e.g. weekly, monthly)Update and project schedules, budget, staffing etc. as risk management plans are changed

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    Risk management is an ongoing process

    Risk Types

    Known RisksKnown RisksCan be Identified, Analysed and Plan

    for them

    Known unknownsContingencies reserve

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    Unknown UnknownsManagement reserve

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    Project Risk Management

    Processes for identifying, analyzing, and responding to project risk.

    It includes maximizing the probability and the results of positive events (opportunities)

    Project Risk Mng (PMBOK Guide Project Risk Mng (PMBOK Guide 20042004) ) Hossein Avazkhah Hossein Avazkhah PMP, EMBAPMP, EMBA

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    and minimizing the probability and consequences of adverse events (risks).

    Some Project Risk Management Models

    SHAMPUALARMPRMAPRAMG Smith

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    G.SmithLeachPritchard

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    Some Project Risk Management Models continue

    WidemanWidemanBoehmFairley Ludin & Kilem

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    Ludin & KilemPMBOK

    The PMBOK Process and Risk management

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    1-Risk Management Planning

    Deciding how to approach and plan the risk management activities forthe risk management activities for a project

    Risk Management Planning process should be completed early during project planning .

    Project Risk Mng (PMBOK Guide Project Risk Mng (PMBOK Guide 20042004) ) Hossein Avazkhah Hossein Avazkhah PMP, EMBAPMP, EMBA

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    No Risk Plan!!!

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    Risk Management Planning

    Tools & TechniquesPlanning Meetings and Analysis

    Outputs Risk Management Plan

    InputsEnterprise Environmental FactorsO i ti l P

    Planning Meetings and Analysis

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    Risk Management PlanOrganizational Process AssetsProject Scope StatementProject Management Plan

    1.1 InputsEnterprise Environmental Factors - The attitudes toward risk and the risk tolerance of organizations and people involved in the project will influence the project p p p j p jmanagement plan. Organizational Process Assets- Organizations may have predefined approaches to risk management such as risk categories, common definition of concepts and terms, standard templates, roles and responsibilities, and authority levels for decision-making.

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    y gProject Scope StatementProject Management Plan

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    1.2 Tools & TechniquesPlanning Meetings and Analysis-

    To develop the risk management planTo develop the risk management plan

    Attendees include project manager, project team

    Project Risk Mng (PMBOK Guide Project Risk Mng (PMBOK Guide 20042004) ) Hossein Avazkhah Hossein Avazkhah PMP, EMBAPMP, EMBA

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    leaders, key stakeholders anyone responsible for planning and executing activities

    1.3 OutputsRisk Management Plan

    Methodology-Approaches, tools, and data sources for risk managementRoles and responsibilities-The lead, support and risk management team membership for each type of activity, assigns people to these roles, and their responsibilities.Budgeting Assigns resources and estimates costs needed for risk managementBudgeting. Assigns resources and estimates costs needed for risk managementTiming- When and how often the risk management process will be performed throughout the project life cycle, and establishes risk management activities Risk categories- The structure that ensures a process of systematically identifying risk to the level of detail and contributes to the effectiveness of Risk IdentificationDefinitions of risk probability and impact-General definitions of probability levels and impact levels are tailored to the individual projectProbability and impact matrix Risks are prioritized according to their potential

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    Probability and impact matrix. Risks are prioritized according to their potential implications for meeting the projects objectivesRevised stakeholders tolerances. Stakeholders tolerances may be revised in the Risk Management Planning process, as they apply to the specific project.Reporting formats. Describes the content and format of the risk registerTracking. Documents how all facets of risk activities will be recorded for the benefit of the current project, future needs, and lessons learned

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    Roles And Responsibility (sample)

    : . : /

    .

    :

    . :