The Risk part of PMP knowledge | Mind Map

risk register

data collection

Brainstorming

Checklist

Interview

data analysis

Root Cause Analysis

Assumptions and constraints analysis

swot analysis

File analysis

Interpersonal and team skills

guide

Tip list

Meeting

output

risk register

Record details of identified individual project risks

List of identified risks

Potential Risk Responsible Person

List of potential risk response measures

Risk name, risk category, current risk status

risk report

Information on overall project risk

Overview information on identified individual project risks

planning risk management

expert judgment

data analysis

Stakeholder analysis

Meeting

output

risk management plan

risk management strategy

methodology

Roles and Responsibilities

leader

supporter

team member

funds

Determine the funds required to carry out activities

Develop emergency reserve and management reserve usage plans

Schedule

risk category

Risk breakdown structure (RBS)

explain:

Hierarchical display of potential risk sources

Stakeholder risk appetite: measurable risk thresholds

Risk probability and impact definition

Probability and Impact Matrix

Prioritization rules can be determined before the project begins (incorporated into organizational process assets)

Prioritization rules can also be developed for specific projects

report format

track

Conduct qualitative risk analysis

Data collection: interviews

data analysis

Risk data quality assessment

Risk probability and impact assessment

100% assessment

Conducted in the form of interviews or meetings

Risks with low probability and impact are placed on a watch list in the risk register

Assessment of other risk parameters

Interpersonal and team skills

guide

Risk classification

Data performance

Probability and Impact Matrix

Probability

Influence

two parameters

hierarchy diagram

Classify risk using more than two parameters

bubble chart

output

Project file updates

risk register

risk report

Conduct quantitative risk analysis

definition

The process of conducting a quantitative analysis of the impact of identified individual project risks and other sources of uncertainty on overall project objectives.

Tip: Not all projects require quantitative risk analysis

Tools & Techniques

Data collection: interviews

Create an interview environment of trust and confidentiality

Interpersonal and Team Skills: Facilitation

How uncertainty manifests

Probability distributions have many forms

data analysis

simulation

Monte Carlo analysis

S-curve

sensitivity analysis

Determine which individual risks have the greatest potential impact on outcomes

tornado diagram

Decision tree analysis

EMV: expected monetary value

image map

output

Project file updates

1. Assessment results of overall risk exposure

2. Detailed probability analysis results of the project

3. Single project risk priority list

4. Trends in quantitative analysis results

5. Risk response suggestions

Plan risk responses

Definition: The process of developing options or selecting response strategies and agreeing on response actions to address overall risk exposure, as well as individual project risks.

Role: Develop appropriate approaches to overall project risks and individual project risks

Resources will also be allocated

Tools & Techniques

Threat response strategy

1. Report

The threat is outside the scope of the project

Countermeasures exceed PM authority

2. Avoid

Suitable for high priority threats

completely eliminate the threat

Eliminate causes of threats, extend schedule, change project strategy, reduce scope

3. Transfer

Transfer to third party

Purchase insurance, use performance bonds, letters of guarantee, etc.

4. Reduce

5. Accept

Opportunity coping strategies

emergency response strategies

Bounce back plan

Overall project risk response strategy

data analysis

Alternatives Analysis

Cost-benefit analysis

decision making

Multi-criteria decision analysis

Obtain the consent of all relevant parties