Project Risk Management

  1. Perform Qualitative Risk Analysis
    1. Purpose and Benefits
      1. Prioritizing Risks for Further Action
        1. Efficient Resource Allocation
          1. Risk Communication Enhancement
            1. Decision Support
            2. The Qualitative Analysis Process
              1. Risk Review and Validation
                1. Probability Assessment
                  1. Impact Assessment
                    1. Risk Prioritization
                    2. Inputs for Qualitative Analysis
                      1. Risk Management Plan
                        1. Risk Register
                          1. Project Documents
                            1. Enterprise Environmental Factors
                              1. Organizational Process Assets
                              2. Tools and Techniques
                                1. Expert Judgment
                                  1. Risk Assessment Expertise
                                    1. Subject Matter Knowledge
                                    2. Data Gathering
                                      1. Risk Data Quality Assessment
                                        1. Additional Risk Information
                                        2. Data Analysis
                                          1. Risk Probability and Impact Assessment
                                            1. Risk Data Quality Assessment
                                              1. Risk Categorization
                                              2. Interpersonal and Team Skills
                                                1. Facilitation
                                                  1. Leadership
                                                  2. Risk Representation
                                                    1. Hierarchical Charts
                                                      1. Bubble Charts
                                                    2. Assessing Risk Probability
                                                      1. Probability Scale Definition
                                                        1. Scale Ranges and Descriptions
                                                          1. Numerical vs. Descriptive Scales
                                                            1. Scale Calibration Methods
                                                            2. Probability Assessment Techniques
                                                              1. Historical Data Analysis
                                                                1. Expert Opinion
                                                                  1. Statistical Methods
                                                                  2. Probability Documentation
                                                                    1. Assessment Rationale
                                                                      1. Supporting Evidence
                                                                    2. Assessing Risk Impact
                                                                      1. Impact Scale Development
                                                                        1. Cost Impact Scales
                                                                          1. Schedule Impact Scales
                                                                            1. Scope Impact Scales
                                                                              1. Quality Impact Scales
                                                                                1. Other Objective Impact Scales
                                                                                2. Impact Assessment Methods
                                                                                  1. Quantitative Estimates
                                                                                    1. Qualitative Descriptions
                                                                                      1. Comparative Analysis
                                                                                      2. Multi-Objective Impact Assessment
                                                                                        1. Overall Impact Determination
                                                                                          1. Objective Weighting
                                                                                        2. Probability and Impact Matrix
                                                                                          1. Matrix Construction
                                                                                            1. Grid Design
                                                                                              1. Risk Score Calculation
                                                                                                1. Color Coding Systems
                                                                                                2. Risk Level Determination
                                                                                                  1. High Priority Risks
                                                                                                    1. Medium Priority Risks
                                                                                                      1. Low Priority Risks
                                                                                                      2. Matrix Customization
                                                                                                        1. Project-Specific Adjustments
                                                                                                          1. Stakeholder Preferences
                                                                                                        2. Risk Data Quality Assessment
                                                                                                          1. Data Reliability Evaluation
                                                                                                            1. Source Credibility
                                                                                                              1. Data Completeness
                                                                                                                1. Data Accuracy
                                                                                                                2. Data Quality Improvement
                                                                                                                  1. Additional Information Gathering
                                                                                                                    1. Expert Validation
                                                                                                                    2. Quality Rating Systems
                                                                                                                      1. Data Quality Scales
                                                                                                                        1. Quality Indicators
                                                                                                                      2. Risk Categorization
                                                                                                                        1. Category-Based Analysis
                                                                                                                          1. Risk Breakdown Structure Usage
                                                                                                                            1. Source-Based Grouping
                                                                                                                              1. Effect-Based Grouping
                                                                                                                              2. Category Risk Patterns
                                                                                                                                1. Common Risk Themes
                                                                                                                                  1. Category Risk Levels
                                                                                                                                2. Risk Urgency Assessment
                                                                                                                                  1. Urgency Criteria Definition
                                                                                                                                    1. Time Sensitivity Factors
                                                                                                                                      1. Response Time Requirements
                                                                                                                                      2. Urgency Evaluation Methods
                                                                                                                                        1. Proximity Assessment
                                                                                                                                          1. Warning Time Analysis
                                                                                                                                            1. Manageability Evaluation
                                                                                                                                            2. Urgent Risk Identification
                                                                                                                                              1. Near-Term Risks
                                                                                                                                                1. Critical Path Risks
                                                                                                                                              2. Additional Risk Attributes
                                                                                                                                                1. Risk Detectability
                                                                                                                                                  1. Risk Controllability
                                                                                                                                                    1. Risk Connectivity
                                                                                                                                                      1. Risk Dormancy Period
                                                                                                                                                      2. Risk Prioritization
                                                                                                                                                        1. Priority Ranking Methods
                                                                                                                                                          1. Score-Based Ranking
                                                                                                                                                            1. Multi-Criteria Analysis
                                                                                                                                                              1. Stakeholder Input Integration
                                                                                                                                                              2. Priority Categories
                                                                                                                                                                1. Immediate Action Required
                                                                                                                                                                  1. Monitor Closely
                                                                                                                                                                    1. Watchlist Items
                                                                                                                                                                  2. Outputs of Qualitative Analysis
                                                                                                                                                                    1. Risk Register Updates
                                                                                                                                                                      1. Risk Assessments
                                                                                                                                                                        1. Risk Priority Rankings
                                                                                                                                                                          1. Risk Categories
                                                                                                                                                                            1. Watchlist of Low-Priority Risks
                                                                                                                                                                            2. Risk Report Updates
                                                                                                                                                                              1. Priority Risk Summary
                                                                                                                                                                              2. Project Documents Updates
                                                                                                                                                                                1. Assumption Log Updates
                                                                                                                                                                                  1. Issue Log Updates

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                                                                                                                                                                              4. Identify Risks

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                                                                                                                                                                              6. Perform Quantitative Risk Analysis