Project Management Planning and Control

Techniques

5th Edition5th Edition ISBN: 0-9582 733-1-6ISBN: 0-9582 733-1-6

Rory BurkeRory Burke

Project Management Planning and Control

Techniques

Chapter 18Chapter 18 Pages 252-269Pages 252-269

Project Risk ManagementProject Risk Management

Learning Outcomes

Understand the risk management Understand the risk management modelmodel

Identify and respond to project ideasIdentify and respond to project ideas Develop a disaster recovery planDevelop a disaster recovery plan

Risk Continuum (page 252)

Risk Management Plan

Define ObjectivesDefine Objectives Identify RisksIdentify Risks Quantify RisksQuantify Risks Develop ResponseDevelop Response Control RiskControl Risk

Risk Management Model

Risk vs Amount at Stake

Influence vs Cost of Change

Risk Responsibility OBS

Wheel of Misfortune

Probability Impact Matrix

Risk Response (page 262)

Eliminate RiskEliminate Risk Mitigate RiskMitigate Risk Deflect RiskDeflect Risk Accept Risk (with Contingency)Accept Risk (with Contingency) Turn Risk into OpportunityTurn Risk into Opportunity

Contracts (page 264)

Risk Control (page 267)

Disaster Recovery

Page 267Page 267

Risk Management

EndEnd