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MindMap Gallery 11PMP Exam-Project Risk Management Summary

11PMP Exam-Project Risk Management Summary

This is a mind map about the 11PMP exam-project risk management summary. What is project risk management? Risk management includes the formulation of risk management plans, risk identification, qualitative risk analysis, quantitative risk analysis, basic measures to deal with risks, and risk monitoring. Let's learn together.

Edited at 2021-06-06 23:55:48

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11PMP Exam-Project Risk Management Summary

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Outline

Project Risk Analysis
- 35
Frank Vanegas
The most easy-to-understand essence of project management
- 25
PlotWizard

PMP-Project Risk Management

project risk management

concept

Designed to exploit or enhance positive risks (opportunities) and avoid or mitigate negative risks (threats)

level

individual project risks

overall project risk

Derived from

Uncertainty that exists in any project

attributes of risk

The objectivity and universality of risk existence

Basic properties

Randomness and relativity

basic concept

Known - known risks

Known-Unknown Risks (Contingency Reserve)

Unknown - unknown risk (management reserve)

Residual risk (residual risk): hands not washed

Secondary risk (secondary risk): when the gourd is pressed, the scoop rises

planning risk management

ITTO

enter

1. Project Charter (should be started during the project conception phase and completed early in the project planning phase)

2. Project Management Plan (all components)

3. Project documents (stakeholder register)

4. Business environment factors

5. Organizational process assets

Tools & Techniques

1. Expert judgment

2. Data analysis (stakeholder analysis)

3.Meeting

output

1.Risk Management Plan

methodology

Roles and Responsibilities

Budget

Schedule

Risk Category/Subcategory

Risk Breakdown Structure (RBS)

Definition of Risk Probability and Impact

Probability and Impact Matrix: Threat, Opportunity Probability

Revised Stakeholder Tolerance

Report form

track

Identify risks

ITTO

enter

1. Project management plan

demand management plan

progress management plan

cost management plan

quality management plan

resource management plan

risk management plan

Scope Baseline

progress baseline

cost basis

2.Project files

Hypothetical log

Cost Estimate

duration estimate

Problem log

Lessons Learned Register

requirements document

Resource requirements

Interested Party Register

3. Agreement

4. Procurement documents

5. Business environment factors

6. Organizational process assets

Tools & Techniques

1. Expert judgment

2. Data collection

Brainstorming

Delphi technique: a group of experts discuss and circulate anonymous votes

Interview

3.Data analysis

Root Cause Analysis

Assumptions and constraints analysis

SWOT Analysis: Identifying Pros and Cons of Cocktails

Document analysis: cause and effect diagrams, system or process flow diagrams, influence diagrams

4.Interpersonal and team skills (guidance)

5. Tip List

6.Meeting

output

1. Risk Register

List of identified risks (check risk management plan for unidentified risks)

List of potential countermeasures

The risk response plan is included in the risk register

2.Risk Report

3.Project files

Hypothetical log

Problem log

Lessons Learned Register

basic concept

participants

project manager

project team members

risk management team

client......

Risks should be described in a consistent format

Sources and Classification of Risks

source

Classification

Unpredictable externally

Externally predictable

Internal non-technical

technology

law

Conduct qualitative risk analysis (holistic, ranked)

ITTO

enter

1. Project management plan

risk management plan

2.Project files

Hypothetical log

risk register

Interested Party Register

3. Business environment factors

4. Organizational process assets

Tools & Techniques

1. Expert judgment

2. Data collection (interviews)

3.Data analysis

Risk data quality assessment

Risk probability and impact assessment

Assessment of other risk parameters

4.Interpersonal and team skills (guidance)

5. Risk classification

6.Data performance

Probability and Impact Matrix

hierarchical

7.Meeting

output

1. Project file update

Hypothetical log

Problem log

risk register

A relative ranking or priority list of project risks

Risks by Category

Risk causes or project areas that require special attention

List of risks that need to be addressed in the near future

Low priority risk watch list

Trends in Qualitative Risk Analysis Results

risk report

Conduct quantitative risk analysis

ITTO

enter

1. Project management plan

risk management plan

Scope Baseline

progress baseline

cost basis

2.Project files

Hypothetical log

Estimate basis

Cost Estimate

cost forecast

duration estimate

Milestone List

Resource requirements

risk register

risk report

progress forecast

3. Business environment factors

4. Organizational process assets

Tools & Techniques

1. Expert judgment

2. Data collection (interviews)

3.Interpersonal and team skills (guidance)

4. How uncertainty manifests itself

5.Data analysis

Simulation: Monte Carlo analysis (using various models to simulate the impact of uncertainty on the target

Sensitivity analysis: Tornado chart, the most influential and most sensitive! Determine which risks have the greatest potential impact on the project, helping to understand the correlation between changes and uncertainties

Decision tree analysis: selection of multiple alternatives, expected monetary value (EMV) analysis, calculation: weighted sum

influence diagram

output

1. Project file update

risk report

Project probability analysis

Probability of achieving cost and time targets

Quantitative Risk Prioritization Checklist

Trends in Quantitative Risk Analysis Results

basic concept

Conduct a quantitative analysis of the impact of identified individual project risks and other sources of uncertainty on overall project objectives

effect

Quantify overall project risk exposure

Plan risk responses

ITTO

enter

1. Project management plan

resource management plan

risk management plan

cost basis

2.Project files

Lessons Learned Register

Project schedule

Project team dispatches work orders

Resource Calendar

risk register

risk report

Interested Party Register

3. Business environment factors

4. Organizational process assets

Tools & Techniques

1. Expert judgment

2. Data collection (interviews)

3.Interpersonal and team skills (guidance)

4. Threat response strategies

Report

The team or sponsor believes that a threat is outside the scope of the project

The proposed response exceeds the project manager's authority

avoid

Change the project management plan to completely eliminate

alleviate

Reduce the probability and impact of adverse risk events, alternative resources

transfer

Transfer the responsibility and consequences of risks, outsource and find a third party to buy insurance

Take the initiative to accept: establish emergency reserves and reserve time and costs in advance

Passive acceptance: LET IT BE

No action before risk occurs

5. Opportunity response strategies

Report

open up

Ensure opportunities are realized

Allocate the most capable resources to the project

eliminate uncertainty

improve

Increase the probability and positive impact of opportunities

Increase resources for early completion of activities

Allocate part or all of an opportunity to a third party that can best seize the opportunity for the benefit of the project

happy to take advantage of

Not actively pursuing

6 emergency response strategies

Emergency plans

Bounce back plan

7. Overall project risk response strategy

8.Data analysis

Alternatives Analysis

Cost-benefit analysis

9.Decision making

Multi-criteria decision analysis

output

1. Change request

2. Project management plan update

progress management plan

cost management plan

quality management plan

resource management plan

Procurement Management Plan

Scope Baseline

progress baseline

cost basis

3. Project file update

Hypothetical log

cost forecast

Lessons Learned Register

Project schedule

Project team dispatches work orders

risk register

risk report

basic concept

Develop appropriate approaches to overall project risks and individual project risks, allocate resources to add activities to documents and plans

risk tolerance

income

invest

status resources

risk orientation

Risk-seeking

risk neutral

Risk averse

Implement risk responses

ITTO

enter

1. Project management plan

risk management plan

2.Project files

Lessons Learned Register

risk register

risk report

3. Organizational process assets

Tools & Techniques

1. Expert judgment

2.Interpersonal and team skills (influence)

3. Project management information system

output

1. Change request

2. Project file update

Problem log

Lessons Learned Register

Project team dispatches work orders

risk register

risk report

Oversight risk

ITTO

enter

1. Project management plan

risk management plan

2.Project files

Problem log

Lessons Learned Register

risk register

risk report

3. Job performance data

4. job performance report

Tools & Techniques

1.Data analysis

Technical performance analysis

Reserve analysis

2.Audit

Risk audit: Examine and document the effectiveness of risk responses in addressing identified risks and their root causes

3.Meeting

other

risk reassessment

Deviation and trend analysis

technical performance measurement

output

1. Job performance information

2. Change request

3. Project management plan updates (any component)

4. Project file update

Hypothetical log

Problem log

Lessons Learned Register

risk register

risk report

5. Organizational process asset updates

Purpose

Discover new, changing and obsolete risks

three terms

emergency plan

Bounce back plan

A cover-up plan

contingency measures