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PROJECTMANAGEMENTCont.WBS-Graphical(Tree)FormatCont.ProjectRiskFundamentalsRiskFundamentalsRiskFundamentalsWhyTakeRisks?BecauseofOpportunities!RiskClassificationConceptualRiskModel:ProbabilityANDImpactKnownvs.UnknownProjectRisksIsProactiveRiskManagementImportant?ProjectRiskManagementProcessRM:ContinuousThroughoutthePLCIdentificationofrisksintheprojectProcessoftransforminguncertaintiesandissuesaboutaprojectintodistinctrisksthatmaybedescribedandmeasured.RiskIdentificationRiskIdentificationExampleSourcesofRisk:ClassifiedbyTypeEvaluationofrisksintheprojectProcessofclassifying&prioritizingidentifiedriskswithrespecttopotentialseverityofprojectconsequences(Scope,Time,Performance,Costs).TheRiskSeverityMatrix(RSM)RiskSeverityMatrix(RSM)PhasesConstructingtheRiskSeverityMatrixRiskPrioritizationMatrixPlanningforrisksintheprojectPlanningisfunctionofdecidingwhat,ifanything,shouldbedonewithaspecificriskevent–TheSTRATEGYformanagingtheriskevent.TheRiskManagementPlan5PrimaryRiskManagementStrategiesContainmentvs.ContingencyTrackingrisksandplansTrackingisassociatedwithcollectingandmonitoringinformationaboutprojectrisks.TrackingRisk:RetrospectiveandProactiveRiskTrackingIndicators:RepresentativeSampleControllingrisksControllingriskistheprocessofmakingmanagementdecisionsbasedonpresentinformationconcerningrisks.RiskControl:WhatisEffectiveControl?IssuemanagementAgoodProjectManagercanalwaysanswer:CriticalPathMethod1.15
