Tag: Project Risk Management

introduction Control Risks is the process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project. The key benefit of this process is that it improves efficiency of the risk approach throughout the project life cycle to continuously optimize risk responses. Control Risk Read More…

introduction The process of Implementing Risk Responses is the process of planning and implementing actions and plans in response to project risks. The purpose of this process is to ensure that each of the identified risks on the Risk Register has appropriate actions or plans to mitigate or avoid a risk before it happens or to provide a response when a risk occurs and turns into a project issuRead More…

introduction Plan Risk Responses is the process of developing options and actions to enhance opportunities and to reduce threats to project objectives. The key benefit of this process is that it addresses the risks by their priority, inserting resources and activities into the budget, schedule and project management plan as needed Concepts Plan Risk Response : involve figure out “what wRead More…

introduction Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. The key benefit of this process is that it produces quantitative risk information to support decision making in order to reduce project uncertainty. The inputs, tools and techniques, objectives of quantitative risk analysis perform quantitativeRead More…

introduction Perform Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact. The key benefit of this process is that it enables project managers to reduce the level of uncertainty and to focus on high-priority risks Concepts qualitative analysis is subjective analysis qualitatiRead More…

introduction Identify Risks is the process of determining which risks may affect the project and documenting their characteristics. The key benefit of this process is the documentation of existing risks and the knowledge and ability it provides to the project team to anticipate events. Purposes of Identify Risks Process Purposes of Identify Risks Process A risk cannot be managed unless itRead More…

introduction Process Definition This is the process of defining how to conduct risk management activities for a project.  The planning process illuminates the approach for project teams and establishes ground rules for risk management.  The output from this process is the risk management plan. Concepts Risk  is something identified in advance , that many or may NOT happen , if it hapRead More…

introduction welcome back this is Maher islaieh and welcome to first article of  knowledge Area ((Project Risk Management)) Risk Management Risk management is the identification, evaluation, and prioritization of risks Risk Management’s goal is to increase the impact and probability of positive risks and decrease them for negative risks. Risk management is intentionally proactive, Read More…