4.2 25.4.4. Inputs To Plan Risk Responses PDF

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RISK MANAGEMENT CERTIFICATION PROGRAM

RESPONDING TO RISK
INPUTS TO PLAN RISK RESPONSES

RISK MANAGEMENT CERTIFICATION


PROGRAM
‣ IDENTIFY THE INPUTS
‣ TO THE PLAN RISK
RESPONSES PROCESS

INPUTS TO PLAN RISK


RESPONSES
‣ PMBOK® GUIDE, SIXTH
EDITION
‣ PLAN RISK RESPONSES IS
PROCESS 11.5
‣ INPUTS, TOOLS &
TECHNIQUES, AND
OUTPUTS

INPUTS TO PLAN RISK


RESPONSES
‣ THE INPUTS
‣ PROJECT MANAGEMENT PLAN
‣ PROJECT DOCUMENTS
‣ ENTERPRISE
ENVIRONMENTAL FACTORS
‣ ORGANIZATIONAL PROCESS
ASSETS

INPUTS TO PLAN RISK


RESPONSES
‣ TOOLS & TECHNIQUES
‣ EXPERT JUDGMENT
‣ DATA GATHERING
‣ INTERPERSONAL AND TEAM
SKILLS
‣ STRATEGIES FOR THREATS
‣ STRATEGIES FOR
OPPORTUNITIES

INPUTS TO PLAN RISK


RESPONSES
‣ TOOLS & TECHNIQUES
‣ CONTINGENT RESPONSE
STRATEGIES
‣ STRATEGIES FOR OVERALL
PROJECT RISK
‣ DATA ANALYSIS
‣ DECISION MAKING

INPUTS TO PLAN RISK


RESPONSES
‣ THE OUTPUTS
‣ CHANGE REQUESTS
‣ PROJECT MANAGEMENT
PLAN UPDATES
‣ PROJECT DOCUMENTS
UPDATES

INPUTS TO PLAN RISK


RESPONSES
‣ PLAN RISK RESPONSES
PROCESS - FIGURE 11-16
‣ PAGE 437

INPUTS TO PLAN RISK


RESPONSES
‣ YOU CAN'T KNOW
‣ WHEN IT WILL HIT
‣ HOW MUCH DAMAGE IT
WILL DO
‣ INCORPORATE THE ABILITY
TO WITHSTAND SHOCKS

INPUTS TO PLAN RISK


RESPONSES
‣ YOU CAN'T KNOW WHICH
RISKS WILL OCCUR
‣ YOU CAN PLAN HOW TO BEST
MANAGE
‣ DETERMINING THE BEST
POSSIBLE RESPONSES
‣ SELECT A STRATEGY THAT
WILL BEST YOUR PROJECT

INPUTS TO PLAN RISK


RESPONSES
‣ PROJECT MANAGEMENT
PLAN
‣ RESOURCE
MANAGEMENT PLAN
‣ THE RISK MANAGEMENT
PLAN
‣ THE COST BASELINES

INPUTS TO PLAN RISK


RESPONSES
‣ RESOURCE
MANAGEMENT PLAN
‣ COORDINATING
RESOURCES
‣ FOR APPROPRIATE RISK
RESPONSE ACTIVITIES

INPUTS TO PLAN RISK


RESPONSES
‣ RISK MANAGEMENT PLAN
‣ INTRODUCES RISK
MANAGEMENT TO THE
PROJECT
‣ AN OVERVIEW OF THE RISK
MANAGEMENT
‣ CONTAINS THE ASSUMPTIONS,
CONSTRAINTS, AND POLICIES

INPUTS TO PLAN RISK


RESPONSES
‣ THE RISK MANAGEMENT
PLAN
‣ ROLES AND
RESPONSIBILITIES
‣ RISK ANALYSIS DEFINITIONS
‣ TIMING FOR REVIEWS
‣ RISK THRESHOLDS

INPUTS TO PLAN RISK


RESPONSES
‣ RISK MANAGEMENT
PLAN
‣ ROLES AND
RESPONSIBILITIES
‣ IDENTIFY TEAM
MEMBERS WITH THE
MOST KNOWLEDGE

INPUTS TO PLAN RISK


RESPONSES
‣ RISK ANALYSIS
DEFINITIONS
‣ RATE THE PROBABILITY,
IMPACT, AND URGENCY OF
RISKS
‣ RATINGS ARE CONSISTENT
AND RELIABLE

INPUTS TO PLAN RISK


RESPONSES
‣ TIMING FOR REVIEWS
‣ A SCHEDULE FOR RISK
MANAGEMENT
ACTIVITIES
‣ REVIEWS OF
IDENTIFIED RISKS AND
THEIR STATUS

INPUTS TO PLAN RISK


RESPONSES
‣ RISK MANAGEMENT
PLAN
‣ RISK THRESHOLDS
‣ HELP THE TEAM
DESIGN SPECIFIC
RESPONSES

INPUTS TO PLAN RISK


RESPONSES
‣ COST BASELINE
‣ ALLOCATED
CONTINGENCY FUNDS
‣ FOR RISK RESPONSE

INPUTS TO PLAN RISK


RESPONSES
‣ RELEVANT PROJECT DOCUMENTS
‣ LESSONS LEARNED REGISTER
‣ PROJECT SCHEDULE
‣ PROJECT TEAM ASSIGNMENTS
‣ RESOURCE CALENDARS
‣ RISK REGISTER
‣ RISK REPORT
‣ STAKEHOLDER REGISTER

INPUTS TO PLAN RISK


RESPONSES
‣ RISK REGISTER
‣ RECORDS IDENTIFIED RISKS
‣ THEIR SEVERITY
‣ PROBABILITY RATINGS
‣ ROOT CAUSES OF RISKS,
‣ LIKELY IMPACT
‣ OTHER INFORMATION

INPUTS TO PLAN RISK


RESPONSES
‣ IMMEDIATE OR NEAR-
TERM RESPONSES
‣ IDENTIFY PATTERNS
‣ DEVELOPMENT OF
SUITABLE RESPONSES

INPUTS TO PLAN RISK


RESPONSES
‣ LOW-PRIORITY RISKS
‣ ASSIGN THE
RESPONSIBILITY FOR
MONITORING
‣ AN ACTIVE RESPONSE IS
REQUIRED

INPUTS TO PLAN RISK


RESPONSES
‣ RISKS FOR ADDITIONAL
ANALYSIS
‣ NOT ENOUGH INFORMATION
IS AVAILABLE
‣ ENSURE THE RISKS AREN'T
FORGOTTEN
‣ RISK RESPONSES CAN BE
DEVELOPED/IMPROVED

INPUTS TO PLAN RISK


RESPONSES
‣ ENTERPRISE
ENVIRONMENTAL
FACTORS
‣ ORGANIZATIONAL
PROCESS ASSETS

INPUTS TO PLAN RISK


RESPONSES
‣ ENTERPRISE
ENVIRONMENTAL
FACTORS
‣ KEY STAKEHOLDER
RISK APPETITES
‣ THRESHOLDS

INPUTS TO PLAN RISK


RESPONSES
‣ ORGANIZATIONAL
PROCESS ASSETS
‣ RISK MANAGEMENT-
RELATED TEMPLATES

INPUTS TO PLAN RISK


RESPONSES
RISK MANAGEMENT CERTIFICATION PROGRAM

RESPONDING TO RISK

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