This document provides an overview of project risk management processes. It discusses the six key processes: plan risk management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, and control risks. For each process, it provides a brief explanation of why the process is performed and how it is conducted. The document also includes diagrams illustrating the flow and interactions between the different risk management processes.
Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
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Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
what is the definition of risk management
risk management services
risk management certification
risk management for project management
risk management terms
celgene risk management
risk management framework
risk management jobs
business research topics for mba
mba topics for presentation
mba project topics
mba research topics in management
dissertation topics for mba
mba finance research topics
mba topics on strategic management
thesis topic for mba
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
The presentation about Project Risk Management conducted by Mr. Mohamad Boukhari for the project management community in Lebanon during PMI Lebanon Chapter monthly lecture.
The chance (or probability) that a problem will occur and
The result (or impact) if that problem occurs is known as Risk.
Risk cannot be eliminated, only reduced.
Risks are meant to be taken.
The concepts and processes on how to perform project risk management according to PMBOK Guide 6th edition. You'll find key concepts and terms, plan risk management, identify risks, perform qualitative & quantitative risks analysis, plan risk responses, implement risk responses, and monitor risks.
The risk is one of the main variables that can declare the success or the failure of one project.
In this presentation, the "Project Risk" topic is treated from the point of view of methodology and theory; a real case study ("PMP certification course") has been chosen to demonstrate the applicability of the methodology in which risk management has proven to be the key factor for the success of the project.
Documentation on PMP Risk Management Plan & Template.
If you like a downloaded version, add me to your network on Linkedin
www.linkedin.com/in/alliegentry
and in the invite, please let me know you would like a word copy of this document.
Allie Gentry
PivotLogix
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
The presentation about Project Risk Management conducted by Mr. Mohamad Boukhari for the project management community in Lebanon during PMI Lebanon Chapter monthly lecture.
The chance (or probability) that a problem will occur and
The result (or impact) if that problem occurs is known as Risk.
Risk cannot be eliminated, only reduced.
Risks are meant to be taken.
The concepts and processes on how to perform project risk management according to PMBOK Guide 6th edition. You'll find key concepts and terms, plan risk management, identify risks, perform qualitative & quantitative risks analysis, plan risk responses, implement risk responses, and monitor risks.
The risk is one of the main variables that can declare the success or the failure of one project.
In this presentation, the "Project Risk" topic is treated from the point of view of methodology and theory; a real case study ("PMP certification course") has been chosen to demonstrate the applicability of the methodology in which risk management has proven to be the key factor for the success of the project.
Documentation on PMP Risk Management Plan & Template.
If you like a downloaded version, add me to your network on Linkedin
www.linkedin.com/in/alliegentry
and in the invite, please let me know you would like a word copy of this document.
Allie Gentry
PivotLogix
PRM is a very important task during project planning and project control. The most popular computer programs used for project risk management are still somewhat primitive. They have not yet been developed into commonplace tools of project management in the same way as time management programs
Real Estate Lending and Sustainability: The Business Case for Risk Management...GRESB
A presentation about the sustainability risks lenders face and how the industry can adapt to incorporate new mitigation strategies.
In recent years sustainability risks and drivers have had a transformational impact on the way equity investors approach real estate investments. With many institutions and private equity firms increasingly focused on lending as an additional form of real estate exposure, sustainability issues have to be considered from a new angle. In particular, environmental policy instruments, in the form of Minimum Energy Efficiency Standards, and market drivers, such as the inaugural GRESB Debt Survey, are attracting lenders' attention.
The State of Clinical Outsourcing: Managing Risk in Outsourced Clinical Trials
Interactive Discussion Based on Data from Avoca’s 2013 Industry Research DIA Forum
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In the course of any clinical trial, there are risks associated with specific activities and tasks. This webinar will highlight some of these key risk areas and provide guidance on combining technology with best practices to help mitigate risks.
Turacoz Healthcare Solutions - Risk management plan is one of the many documents that come under regulatory writing. It is meant to be submitted to the health authorities during the process of gaining market authorization or at the time of any safety updates to the medicinal product.
In this article how risk management in banks is an important concept, what type of risks banks faces and how they curb it through risk management model is described
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...PECB
The webinar covers:
• The start of any Enterprise Risk Management Program
• The approach to developing a framework that will assist organizations to integrate RM into their enterprise-wide risk management systems
• The relationship between the foundations of the risk management framework and their objectives
Presenter:
This webinar was presented by M. Youssef K, an executive consultant & trainer with several qualifications. He is an accomplished expert with over 10 years’ experience in the field of risk management, project and program management, PRINCE 2, Agile, EVM, business process analysis and design, as well as operational and organizational excellence.
Link of the recorded session published on YouTube: https://youtu.be/9fO-JqENL0I
Final Class Presentation on Determining Project Stakeholders & Risks.pptxGeorgeKabongah2
“A person or group of people who have a vested interest in the success of an organization or project and the environment in which the organization/ project operates”
Online PMP Training Material for PMP Exam - Risk Management Knowledge AreaGlobalSkillup
Risk Management Knowledge Area in Project management defined by PMBOK 5th Edition by Project Management Institute (PMI). Provided by GlobalSkillup.com towards PMP Certification Exam.
NCV 4 Project Management Hands-On Support Slide Show - Module5Future Managers
This slide show complements the Learner Guide NCV 4 Project Management Hands-On Training by Bert Eksteen, published by Future Managers. For more information visit our website www.futuremanagers.net
As per PMBOK - "The whole point of undertaking a project is to achieve or establish something new, to venture, to take chances, to risk. Risk may have positive effects or negative effects on the project “Schedule” and/or “Cost”. Positive risks are Opportunities and negative risks are losses or threats; remember both risks are uncertain “percentage of occurrence less than 80%”. Risk Management purpose is to manage (Plan and implement) these uncertainties.
For your project to be successful you need to think and account for Risk (Opportunities and Threats) beforehand, so you are ready when they happen and you do not panic.
Episode 25 : Project Risk Management
Understand what risk is and the importance of good project risk management.
Discuss the elements involved in risk management planning and the contents of a risk management plan.
List common sources of risks in engineering and information technology projects.
Describe the risk identification process, tools, and techniques to help identify project risks, and the main output of risk identification, a risk register.
SAJJAD KHUDHUR ABBAS
Chemical Engineering , Al-Muthanna University, Iraq
Oil & Gas Safety and Health Professional – OSHACADEMY
Trainer of Trainers (TOT) - Canadian Center of Human
Development
The current assignment discusses the formation of natural gas hydrates in gas transmission pipelines. Hydrates are crystalline compounds, consisting of a gas molecule and water, which form under certain thermodynamic conditions, which include high pressure and low temperature. Natural gas hydrates are responsible for pipeline plugging and corrosion. Thus, handling the issue of the formation is a matter of vital importance for the industry. At the theoretical background of the assignment the topic is presented and analyzed towards the hydrate structure and development, the formation, the consequences and, finally, the solutions as well as the inspection processes. In order to provide the optimal strategy in dealing with hydrate formation, it is of vital importance to have an understanding of the conditions that cause hydrate formation. The most accurate predictions can be conducted with the use of computer software. In the current assignment the chemical simulations software Aspen Hysys is used for studying the formation conditions. Three potential natural gas streams, with different compositions, were modeled and studied towards the conditions of hydrate formation.
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Exploitation of methane hydrates in greek eez and their contribution to the r...Fotios N. Zachopoulos
Exploitation of methane hydrates in greek eez and their contribution to the reflation of the national economy
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contact me : gr.linkedin.com/in/fotiszachopoulos
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The legal framework for Oil and Gas in Cyprus is an amalgamation of European Union Law[4] and International Law. As a Member State of the European Union (‘EU’), since 2004 and a signatory to the United Nations Convention on the Law of the Sea (UNCLOS) since 1988, Cyprus needs to abide with all the respective obligations prescribed both in EU and International level. Following the regulations stipulated in UNCLOS regarding the delimitation of maritime boundaries, the Republic of Cyprus in 2004 passed a law defining and regulating its Exclusive Economic Zone (‘EEZ’), with The Contiguous Zone Law 2004 and The Declaration of the EEZ Law 2004. These provide that “the Republic has sovereign rights for the purposes of exploring and exploiting, conserving and managing the natural resources of the waters superjacent to the seabed and of the sea bed and its subsoil”. Furthermore, the exploration or exploitation of the non-living resources in the EEZ is subject to the permission of the Council Of Ministers or any other competent authority as designated by law.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
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This person is none other than Oprah Winfrey, a highly influential figure whose impact extends beyond television. This article will delve into the remarkable life and lasting legacy of Oprah. Her story serves as a reminder of the importance of perseverance, compassion, and firm determination.
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Modern Database Management 12th Global Edition by Hoffer solution manual.docxssuserf63bd7
https://qidiantiku.com/solution-manual-for-modern-database-management-12th-global-edition-by-hoffer.shtml
name:Solution manual for Modern Database Management 12th Global Edition by Hoffer
Edition:12th Global Edition
author:by Hoffer
ISBN:ISBN 10: 0133544613 / ISBN 13: 9780133544619
type:solution manual
format:word/zip
All chapter include
Focusing on what leading database practitioners say are the most important aspects to database development, Modern Database Management presents sound pedagogy, and topics that are critical for the practical success of database professionals. The 12th Edition further facilitates learning with illustrations that clarify important concepts and new media resources that make some of the more challenging material more engaging. Also included are general updates and expanded material in the areas undergoing rapid change due to improved managerial practices, database design tools and methodologies, and database technology.
Leadership Ethics and Change, Purpose to Impact Plan
Risk Management Assignment
1. T e a m M e m b e r s :
F . Z a c h o p o u l o s
S . K y r i a k i d i s
E . M i c h a i l i d i
A . M i t s i s
2.
3. What is Risk?
“Risk is an uncertain event or condition,
that if it occurs, has an effect on at least
one project objective.”
Introduction
Introduction to Risk Management
What is Risk?
To drill or NOT
to drill???
4. What is Project Risk Management?
The practice of dealing with project risk. It
includes planning for risk, assessing risk,
developing risk response strategies, and
monitoring risk throughout the project life
cycle.
Introduction
Introduction to Risk Management
What is Project Risk Management?
Monitoring
Developing
Assessing
Planning
5. The role of Risk Management
Essential to successful project
management because of high level of
uncertainties.
Addresses uncertainty in project
estimates and assumptions.
Integral part of project management
processes
Introduction
6. Introduction
Introduction to Risk Management
Knowledge Area Mapping
Knowledge
Area
Initiating
Process
Group
Planning Process Group Executing
Process
Group
Monitoring &
Controlling Process
Group
Closing
Process
Group
1. Plan Risk
Management
2. Identify Risks
3. Perform Qualitative
Risk Analysis
4. Perform
Quantitative Risk
Analysis
5. Plan Risk Responses
1. Control Risks
Project Risk Management and Knowledge Area Mapping
7. Project Risk Management Processes
Plan Risk
Management
Identify Risks
Qualitative Risk
Analysis
Quantitative Risk
Analysis
Plan Risk
Responses
Implement /
Control Risks
8. Plan Identify Qualitative Quantitative Response Control
…how to
conduct
activities?
Why to Plan Risk Management?
Defining how to conduct RM activities for a project.
Enhances the probability of success of the five other
processes.
Ensures that the degree, type and visibility of RM are
commensurate with both risks and importance of the
project.
Provide sufficient resources and time for RM activities.
Plan Risk
Management
9. Plan Identify Qualitative Quantitative Response Control
…how to
conduct
activities?
How to Plan Risk Management?
Meetings → Project manager, Selected project team members, stakeholders
Define high level plans for conducting RM
Develop cost elements & schedule activities
Assign Responsibilities
1. Framework of risk categories
2. Definitions of terms
Levels of risks
Probability by type of risk
Impact by type of objective
Probability & impact matrix
Outputs:
RISK MANAGEMENT PLAN
Is a component of the PM plan
Describes how management
activities will be structured and
performed
Plan Risk
Management
10. Plan Identify Qualitative Quantitative Response Control
Everyone loves a surprise…
…everyone except drillers!
Identify Risks
11. Identify Risks
Plan Identify Qualitative Quantitative Response Control
…which risks
affect the
project?
Why to Identify Risks?
To determine which risks may affect the project and
document their characteristics in order to create the risk
register.
12. Identify Risks
Plan Identify Qualitative Quantitative Response Control
…which risks
affect the
project?
How to Identify Risks?
By gathering inputs
such as:
Risk Management
Plan
Cost Management
Plan
Stakeholders Register
Project Documents
Examining them
with tools, such
as:
Documentation
Diagramming
techniques
SWOT Analysis
Expert Judgment
Output:
RISK REGISTER
Risk analysis
and response,
planning and
recording
It contains the
outcomes of
RM processes
13. Qualitative Risk
Analysis
Plan Identify Qualitative Quantitative Response Control
…how to
prioritize
risks?
Why to perform Qualitative Risk Analysis?
Qualitative Risk Analysis aims to prioritize risks for
further analysis or action.
14. Qualitative Risk
Analysis
Plan Identify Qualitative Quantitative Response Control
…how to
prioritize
risks?
How to perform Qualitative Risk Analysis?
Using probability of occurrence the
corresponding impact on project
objectives, the time frame for
response and organizations’ risk
tolerance.
Output:
RISK REGISTER UPDATES
ASSUMPTION LOG UPDATES
15. Quantitative Risk
Analysis
Plan Identify Qualitative Quantitative Response Control
…how to
analyze the
effect of risks?
Why to perform Quantitative Risk Analysis?
Numerically analyzing the effect of identified risks on overall
project objectives and analyze their effect.
Quantitative approach to making decisions in the presence of
uncertainty.
16. Quantitative Risk
Analysis
Plan Identify Qualitative Quantitative Response Control
…how to
analyze the
effect of risks?
How to perform Quantitative Risk Analysis?
Analyzes the effect of risk events
that have prioritize by the
Qualitative Risk Analysis process
and by other techniques like
interviewing, probability
distributions, sensitivity analysis,
expected monetary value analysis
and modeling & simulation
Output:
PROJECT DOCUMENTS
UPDATES
E.g. probabilistic analysis
of project
Probability of achieving
cost & time objectives
17. Plan Risk Responses
Plan Identify Qualitative Quantitative Response Control
…which
actions?
Why to perform Plan Risk Response?
To develop options and actions to enhance opportunities and to
reduce threats to project objectives.
18. Plan Risk Responses
Plan Identify Qualitative Quantitative Response Control
…which
actions?
How to perform Plan Risk Response?
Strategies for Negative
Risks or Threats
Strategies for Positive
Risks or Opportunities
Contingent Response
Strategies
Expert Judgment
Avoidance
Reduction of probability & impact
Acceptance
Exploit
Share
Enhance
Make a
Response under
certain
conditions
Outputs:
PROJECT DOCUMENTS
UPDATES
When appropriate
risk responses are
chosen, they are
included in the risk
register.
19. Control Risks
Plan Identify Qualitative Quantitative Response Control
…evaluate?
Control?
Monitor?
Why we need to control risk?
To implement risk response plans, tracking, identifying risks.
Monitoring residual risks.
Identifying new risks.
Evaluating risk process effectiveness.
Choosing alternative strategies.
20. Control Risks
Plan Identify Qualitative Quantitative Response Control
…evaluate?
Control?
Monitor?
How we control risk?
Risk audits.
Risk reassessment.
Variances and trends analysis.
Reserve Analysis.
Technical Performance Measurements.