RISK

Sl# Inputs Tools & Techniques Outputs

1 Plan Risk Management: TPO defining HOW to conduct risk management activities for a project.
1. Project Management Plan 1. Analytical Techniques 1. Risk Management Plan
PLANNING

2. Project Charter (inc. HL Project Risk) 2. Expert Judgment (EJ) It includes the following: 1) Methodology, 2) Roles & Responsibilities, 3)
Budgeting, 4) Timing, 5) Risk Categories, 6) Definitions of risk probability &
3. Stakeholder Register 3. Meeting impact, 7) P & I matrix, 8) Revised stakeholders' tolerances, 9) Reporting
4. Enterprise Environmental Factors (EEF) formats, 10) Tracking & Auditing.
5. Organizational Process Assets (OPA)
2 Identify Risk: TPO determining WHICH risks may affect the project & documenting their characteristics.
1. Risk Management Plan 1. Information Gathering Techniques (BIRD) 1. Risk Register
2. Scope Baseline (scope statement, WBS, WBS Dicctionary) 2. Documentation Reviews
3. Schedule Management Plan 3. Checklist Analysis (it uses the lowest level of RBS)
4. Activity Duration Estimates 4. Assumptions Analysis
5. Cost Management Plan 5. Diagramming Techniques (CSI)
6. Activity Cost Estimates 6. SWOT Analysis
7. Quality Management Plan 7. Expert Judgment (EJ)
PLANNING

8. Human Resourse Management Plan 8. Nominal Groug Technique

9. Stakeholder Register 9. FMEA / Fault Tree Analysis
10. Procurement Documents 10. Force Field Analysis
11. Project Documents 11. Industry Knowledge Base
12. Enterprise Environmental Factors (EEF) 12. Prompt List
13. Organizational Process Assets (OPA) 13. System Dynamics
14. WBS Review
15. Questionnaire
16. Post-project review / LL / HI
17. Pre-mortem
3 Perform Qualitative Risk Analysis: TPO PRIORITIZING risks for further analysis or action by assessing & combining their probability of occurance & impact.
1. Risk Management Plan 1. Risk Data Quality Assessment 1. Project Documents Updates (Mainly: Risk Register)
2. Risk Register 2. Risk Urgency Assessment
3. Scope Baseline 3. Risk Probability & Impact Assessment
PLANNING

4. Enterprise Environmental Factors (EEF) 4. Probability & Impact Matrix

5. Organizational Process Assets (OPA) 5. Risk Categorization
6. Expert Judgment (EJ)
7. Analytic Hierarch Process (AHP)
8. Root-Cause Analysis
9. Post-project review / LL / HI
4 Perform Quantitative Risk Analysis: TPO NUMERICALLY ANALYZING the effect of identified risks on overall project objectives. It relies on the prioritized list of risks from the Perform Qualitative
Risk Analysis process.
1. Risk Management Plan 1. Data Gathering & Representation Techniques (IP) 1. Project Documents Updates (Risk Register)
2. Risk Register 2. Quantitative Risk Analysis & Modeling Techniques (SEM)
3. Cost Management Plan 3. Expert Judgment (EJ)
PLANNING

4. Schedule Management Plan 4. Decision Tree Analysis

5. Enterprise Environmental Factors (EEF) 5. FMEA / Fault Tree Analysis
6. Organizational Process Assets (OPA) 6. System Dynamics
7. Post-project review / LL / HI
8. Bow-tie Analysis
5 Plan Risk Responses: TPO DEVELOPING OPTIONS & ACTIONS to enhance opportunities & to reduce threats to project objectives.

1. Risk Management Plan 1. Strategies for Negative Risks or Threats 1. Project Management Plan Updates
2. Risk Register 2. Strategies for Positive Risks or Opportunities 2. Project Document Updates
3. Contingent Response Strategies
4. Critical Chain Project Management (CCPM)
5. Multi Criterion SelectionTechniques
6. Scenario Analysis
PLANNING

7. Information Gathering Techniques (BIRD)

8. Checklist Analysis
9. Nominal Groug Technique
10. Force Field Analysis
11. Industry Knowledge Base
12. Prompt List
13. Decision Tree Analysis
14. Quantitative Risk Analysis
15. Post-project review / LL / HI
6 Control Risks: TPO IMPLEMENTING risk response plans , TRACKING identified risks , MONITORING residual risks , IDENTIFYING new risks , & EVALUATING risk process effectiveness throughout
the project.
1. Project Management Plan 1. Risk Reassessment 1. Work Performance Information
2. Risk Register 2. Risk Audits 2. Change Requests
3. Work Performance Data 3. Technical Performance Measurement 3. Project Management Plan Updates
M&C

4. Work Performance Reports 4. Variance & Trend Analysis 4. Project Document Updates
5. Reserve Analysis 5. Organizational Process Assets Updates
6. Meetings
7. Critical Chain Project Management (CCPM)