How to implement the process of project risk management activities

Ensure that the level, approach and visibility of risk management are commensurate with the project risk procedures and their importance to the organization and other stakeholders.

Project Charter

project management plan

project files

business environment factors

organizational process assets

expert judgment

data analysis

Meeting

risk management plan

The process of identifying sources of individual project risks and overall project risks and documenting risk characteristics

① Record existing individual project risks and sources of overall project risks; ② Summarize relevant information so that the project team can appropriately respond to the identified risks

project management plan

project files

Procurement documents

protocol

business environment factors

organizational process assets

expert judgment

data collection

data analysis

Interpersonal and team skills

Tip list

Meeting

risk register

risk report

Project file updates

The process of prioritizing individual project risks by assessing their probability and impact and other characteristics to provide a basis for subsequent analysis or action.

Focus on high priority risks

project management plan

project files

business environment factors

organizational process assets

expert judgment

data collection

data analysis

Interpersonal and team skills

Risk classification

Data performance

Meeting

Project file updates

The process of quantitatively analyzing impressions of overall project objectives in relation to identified individual project risks and other sources of uncertainty.

① Quantify the maximum likelihood of overall project risk; ② Provide additional quantitative risk information to support risk response planning

project management plan

project files

business environment factors

organizational process assets

expert judgment

data collection

Interpersonal and team skills

How uncertainty manifests

data analysis

Project file updates

The process of formulating alternatives, selecting response strategies, and agreeing on response actions in order to respond to project risks.

① Specify appropriate methods to address overall project risks and individual project risks; ② Allocate resources and add relevant activities to project documents and project management plans as needed

project management plan

project files

business environment factors

organizational process assets

expert judgment

data collection

Interpersonal and team skills

Threat response strategy

Opportunity coping strategies

emergency response strategies

Overall project risk response strategy

data analysis

decision making

change request

Project Management Plan Update

Project file updates

The process of executing an agreed risk response plan

① Ensure that the agreed risk response plan is implemented as planned

②Manage overall project risk entrances, minimize individual project threats, and maximize individual project opportunities

project management plan

project files

organizational process assets

expert judgment

Interpersonal and team skills

project management information system

change request

Project file updates

Oversee the implementation of the risk response plan throughout the project and track the process of identifying risks, identifying and analyzing new risks, and evaluating the effectiveness of risk management

Ensure that project decisions are based on current information on overall project risks and individual project risks

project management plan

project files

job performance data

job performance report

data analysis

audit

Meeting

job performance information

change request

Project Management Plan Update

Project file updates

Organizational process asset updates