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Online Webinar  – Recorded September 20th 2015
Activity Type: Education – Course or Training  1.75 Hours 1.75 PDU
Provider:  3FOLD Education Centre  (Rep# 3073)

This hour and a half Project Risk Management recorded course is based on the 5th Edition PMBOK® Guide: Chapter 11

This course from the 3Fold Education Centre is normally a 3 – 5 hour course for the participants with Q&A and individualized attention for the participants.

Selvan (Tamilselvan Mahalingam) (LinkedIn profile) – the instructor for 3Fold (LinkedIn profile, @3foldedu) has compressed the course to an hour and a half and still covers the entire PMBOK® Risk Management Chapter fairly well albeit reasonably quickly 🙂

In this session Selvan covers:

11.2 IDENTIFY RISKS
INPUTS
1. Risk Management Plan
  • Assignment of roles and responsibilities for risk-management activities
  • Provision in schedule and budget for risk-management activities
  • Risk categories (may include risk breakdown structure)
2. Cost Management Plan Processes and controls that can be used to identify risks on the project.
3. Schedule Management Plan Project schedule objectives which may be impacted by risks.
4. Quality Management Plan Quality measures and metrics for use in identifying risks.
5. HR Management Plan
  • Roles and responsibilities
  • Project organization chart
  • Staffing management plan
6. Scope Baseline
  • Project scope statement (contains project assumptions)
  • WBS (facilitates understanding of potential risks at summary, control account, and work package levels)
7. Activity Cost Estimates Provides quantitative assessment of the range of costs of completing scheduled activities, with the width of the range indicating the degree of risk.
8. Activity Duration Estimates Used to identify risks related to time allowances for activities, with the range of the estimates indicating the degree of risk.
9. Stakeholder Register Useful for soliciting inputs from stakeholders to identify risks.
10. Project Documents
  • Project charter
  • Project schedule
  • Schedule network diagrams
  • Issue log
  • Quality checklist
11. Procurement Documents Details used to determine risks associated with planned procurements.
12. EEFs Information from industry and academia that give guidance in identification of risks.
13. OPAs
  • Project files
  • Organizational Process Controls
  • Templates for risk statement
  • Lessons learned
TOOLS & TECHNIQUES
1. Documentation Reviews A structured review of previous project files, project plans and project assumptions.
2. Information Gathering Techniques
  • Brainstorming
  • Delphi Techniques
  • Interviewing
  • Root cause analysis
3. Checklist Analysis Checklists for risk identification may be compiled from previous projects and an analysis of the risk breakdown structure.
4. Assumptions Analysis Explores the validity of assumptions as they apply to the project.
5. Diagramming Techniques
  • Cause and effect analysis
  • System or process flow charts
  • Influence diagrams
6. SWOT Analysis Examines the project for each of the Strengths, Weaknesses, Opportunities, and Threats by examining the dimensions of positive and negative risks, and internal and external ones.
7. Expert Judgment Experts with experience on similar projects or business areas.
OUTPUTS
1. Risk Register
  • List of identified risks
  • List of potential responses

Click to watch on Youtube:
Project Risk Management

1.75 0 0
Technical Project Management Leadership Strategic & Business Management

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