Project Risk Management

  1. Identify Risks
    1. The Goal of Risk Identification
      1. Comprehensive Risk Discovery
        1. Early Detection of Threats and Opportunities
          1. Creating Risk Awareness
            1. Building Risk Knowledge Base
            2. Principles of Risk Identification
              1. Systematic Approach
                1. Inclusive Participation
                  1. Continuous Process
                    1. Documentation Standards
                    2. Inputs for Risk Identification
                      1. Project Management Plan
                        1. All Subsidiary Plans
                          1. Baselines (Scope, Schedule, Cost)
                          2. Project Documents
                            1. Assumption Log
                              1. Cost Estimates
                                1. Duration Estimates
                                  1. Issue Log
                                    1. Lessons Learned Register
                                      1. Requirements Documentation
                                        1. Resource Requirements
                                          1. Stakeholder Register
                                          2. Agreements
                                            1. Contracts and Partnerships
                                              1. Service Level Agreements
                                              2. Procurement Documentation
                                                1. Vendor Information
                                                  1. Contract Terms
                                                  2. Enterprise Environmental Factors
                                                    1. Industry Studies
                                                      1. Academic Studies
                                                        1. Benchmarking
                                                        2. Organizational Process Assets
                                                          1. Risk Templates
                                                            1. Historical Information
                                                              1. Lessons Learned Repository
                                                            2. Tools and Techniques for Risk Identification
                                                              1. Expert Judgment
                                                                1. Subject Matter Experts
                                                                  1. Industry Specialists
                                                                    1. Experienced Practitioners
                                                                    2. Data Gathering Techniques
                                                                      1. Brainstorming
                                                                        1. Facilitating Group Sessions
                                                                          1. Structured Brainstorming
                                                                            1. Electronic Brainstorming
                                                                            2. Checklists
                                                                              1. Using Historical Risk Lists
                                                                                1. Industry-Specific Checklists
                                                                                  1. Checklist Development
                                                                                  2. Interviews
                                                                                    1. Structured Interviews
                                                                                      1. Unstructured Interviews
                                                                                        1. Interview Preparation
                                                                                          1. Interview Documentation
                                                                                          2. Questionnaires and Surveys
                                                                                            1. Survey Design
                                                                                              1. Response Analysis
                                                                                            2. Data Analysis Techniques
                                                                                              1. Root Cause Analysis
                                                                                                1. Identifying Underlying Causes
                                                                                                  1. Cause-and-Effect Analysis
                                                                                                    1. Five Whys Technique
                                                                                                    2. Assumption and Constraint Analysis
                                                                                                      1. Validating Project Assumptions
                                                                                                        1. Constraint Impact Assessment
                                                                                                          1. Assumption Testing
                                                                                                          2. SWOT Analysis
                                                                                                            1. Strengths Assessment
                                                                                                              1. Weaknesses Identification
                                                                                                                1. Opportunities Recognition
                                                                                                                  1. Threats Discovery
                                                                                                                  2. Document Analysis
                                                                                                                    1. Project Documentation Review
                                                                                                                      1. Historical Project Analysis
                                                                                                                        1. Comparative Analysis
                                                                                                                      2. Interpersonal and Team Skills
                                                                                                                        1. Facilitation
                                                                                                                          1. Group Discussion Leadership
                                                                                                                            1. Consensus Building
                                                                                                                              1. Conflict Resolution
                                                                                                                              2. Nominal Group Technique
                                                                                                                                1. Structured Group Process
                                                                                                                                  1. Idea Generation and Ranking
                                                                                                                                2. Prompt Lists and Frameworks
                                                                                                                                  1. PESTLE Analysis
                                                                                                                                    1. Political Factors
                                                                                                                                      1. Economic Factors
                                                                                                                                        1. Social Factors
                                                                                                                                          1. Technological Factors
                                                                                                                                            1. Environmental Factors
                                                                                                                                            2. TECOP Framework
                                                                                                                                              1. Technical Risks
                                                                                                                                                1. Environmental Risks
                                                                                                                                                  1. Commercial Risks
                                                                                                                                                    1. Operational Risks
                                                                                                                                                      1. Political Risks
                                                                                                                                                      2. VUCA Framework
                                                                                                                                                        1. Volatility Assessment
                                                                                                                                                          1. Uncertainty Analysis
                                                                                                                                                            1. Complexity Evaluation
                                                                                                                                                              1. Ambiguity Recognition
                                                                                                                                                            2. Diagramming Techniques
                                                                                                                                                              1. Cause-and-Effect Diagrams
                                                                                                                                                                1. System or Process Flow Charts
                                                                                                                                                                  1. Influence Diagrams
                                                                                                                                                                2. Risk Identification Workshops
                                                                                                                                                                  1. Workshop Planning
                                                                                                                                                                    1. Participant Selection
                                                                                                                                                                      1. Facilitation Techniques
                                                                                                                                                                        1. Output Documentation
                                                                                                                                                                        2. Outputs of Risk Identification
                                                                                                                                                                          1. Risk Register (Initial)
                                                                                                                                                                            1. List of Identified Risks
                                                                                                                                                                              1. Risk Descriptions
                                                                                                                                                                                1. Risk Categories
                                                                                                                                                                                  1. Potential Risk Owners
                                                                                                                                                                                    1. Potential Risk Responses
                                                                                                                                                                                      1. Risk Triggers
                                                                                                                                                                                      2. Risk Report Updates
                                                                                                                                                                                        1. Summary of New Risks
                                                                                                                                                                                        2. Project Documents Updates
                                                                                                                                                                                          1. Assumption Log Updates
                                                                                                                                                                                            1. Lessons Learned Register Updates

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                                                                                                                                                                                        3. Plan Risk Management

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                                                                                                                                                                                        5. Perform Qualitative Risk Analysis