Project Risk Management

  1. Plan Risk Management
    1. Purpose and Objectives
      1. Establishing the Risk Management Framework
        1. Aligning with Project Objectives
          1. Setting Risk Management Standards
            1. Defining Success Criteria
            2. Inputs to the Planning Process
              1. Project Charter
                1. Project Objectives and Success Criteria
                  1. High-Level Risks
                    1. Stakeholder Risk Tolerance
                    2. Project Management Plan
                      1. Subsidiary Plans Integration
                        1. Baseline Considerations
                        2. Project Documents
                          1. Stakeholder Register
                            1. Requirements Documentation
                              1. Assumption Log
                              2. Enterprise Environmental Factors
                                1. Organizational Culture
                                  1. Industry Standards
                                    1. Regulatory Environment
                                      1. Market Conditions
                                      2. Organizational Process Assets
                                        1. Templates and Forms
                                          1. Historical Data
                                            1. Lessons Learned
                                              1. Risk Management Policies
                                            2. Tools and Techniques for Planning
                                              1. Expert Judgment
                                                1. Subject Matter Experts
                                                  1. Risk Management Specialists
                                                  2. Data Analysis
                                                    1. Stakeholder Analysis
                                                      1. Document Analysis
                                                      2. Meetings
                                                        1. Planning Sessions
                                                          1. Stakeholder Workshops
                                                        2. Developing the Risk Management Plan
                                                          1. Planning Approach and Methodology
                                                            1. Risk Management Strategy
                                                              1. Methodology Selection
                                                              2. Customizing to Project Needs
                                                                1. Project Characteristics Consideration
                                                                  1. Scalability Factors
                                                                2. Contents of the Risk Management Plan
                                                                  1. Risk Strategy and Methodology
                                                                    1. Overall Approach
                                                                      1. Tools and Techniques Selection
                                                                      2. Roles and Responsibilities
                                                                        1. Risk Management Team Structure
                                                                          1. Authority Levels
                                                                            1. Escalation Procedures
                                                                            2. Budgeting and Resource Allocation
                                                                              1. Funding for Risk Activities
                                                                                1. Resource Requirements
                                                                                  1. Cost of Risk Management
                                                                                  2. Timing and Schedule
                                                                                    1. Risk Management Activities Timeline
                                                                                      1. Frequency of Risk Reviews
                                                                                        1. Integration with Project Schedule
                                                                                        2. Risk Categories
                                                                                          1. Risk Breakdown Structure (RBS)
                                                                                            1. Creating the RBS
                                                                                              1. Customizing Categories for the Project
                                                                                                1. RBS Levels and Detail
                                                                                                2. Category Definitions
                                                                                                  1. Source-Based Categories
                                                                                                  2. Definitions of Risk Probability and Impact
                                                                                                    1. Probability Scales and Criteria
                                                                                                      1. Impact Scales for Each Objective
                                                                                                        1. Scale Calibration
                                                                                                        2. Probability and Impact Matrix
                                                                                                          1. Matrix Design and Structure
                                                                                                            1. Risk Scoring Methodology
                                                                                                              1. Threshold Definitions
                                                                                                              2. Stakeholder Risk Appetite
                                                                                                                1. Risk Appetite Assessment
                                                                                                                  1. Tolerance Documentation
                                                                                                                    1. Threshold Setting
                                                                                                                    2. Reporting Formats and Requirements
                                                                                                                      1. Risk Report Templates
                                                                                                                        1. Communication Standards
                                                                                                                          1. Distribution Lists
                                                                                                                          2. Tracking and Control Procedures
                                                                                                                            1. Monitoring Mechanisms
                                                                                                                              1. Audit Requirements
                                                                                                                                1. Performance Metrics

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                                                                                                                            2. The Risk Management Process Overview

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                                                                                                                            4. Identify Risks