Which process involves determining what risks are likely to affect a project and documenting the characteristics of each?

return to model Inhaltsverzeichnis Show Which process involves prioritizing risks based on their probability and impact of occurrence quizlet? Which action involves doing whatever you can to make sure the positive risk happens quizlet? Which action involves shifting the consequence of risk and responsibility for its management to a third party? Which of the following risk strategies involves taking steps to minimize the impact and likelihood of occurrence? Risk identification involves determining which risks might affect the project and documenting their characteristics.    Participants in risk identification generally include the following, as possible: project team, risk management team, subject matter experts from other parts of the company, customers, end users, other project managers, stakeholders, and outside experts.   Risk identification is an iterative process. The first iteration may be performed by a part of the project team, or by the risk management team. The entire project team and primary stakeholders may make a second iteration. To achieve an unbiased analysis, persons who are not involved in the project may perform the final iteration.   Often simple and effective risk responses can be developed and even implemented as the risk is identified.

oooooooooooooo ooooooooooo

11.2.1 Inputs to Risk Identification

.1 Risk management plan. This paln is described in Section 11.1.3.

.2 Project planning outputs. Risk identification requires an understanding of the project�s mission, scope, and objectives of the owner, sponsor, or stakeholders. Outputs of other processes should be reviewed to identify possible risks across the entire project. These may include, but are not limited to:

.3 Risk categories. Risks that may affect the project for better or worse can be identified and organized into risk categories. Risk categories should be well defined and should reflect common sources of risk for the industry or application area. Categories include the following:

.4 Historical information. Information on prior available from the following sources:

11.2.2 Tools and Techniques for Risk Identification

.1 Documentation reviews. Performing a structured review of project plans and assumptions, both at the total project and detailed scope levels, prior project files, and other information is generally the initial step taken by project teams.

.2 Information-gathering techniques. Examples of information-gathering techniques used in risk identification can include brainstorming; Delphi; interviewing; and strengths,weaknesses, opportunities, and threats (SWOT) analysis.

.3 Checklists. Checklists for risk identification can be developed based on historical information and knowledge that has been accumulated frfom previous similar projects and from other sources of information. One advantage of using a checklist is that risk identification is quick and simple. One disadvantage is that it is impossible to build an exhaustive checklist of risks, and the user may be effectively limited to the categories in the list. Care should be taken to explore items that do not appear on a standard checklist if they seem relevant to the specific project. The checklist should itemize all types of possible risks to the project. It is important to review the checklist as a formal step of every project-closing procedure to improve the list of potential risks, to improve the description of risks.

.4 Assumptions analysis. Every project is conceived and developed based on a set of hypotheses, scenarios, or assumptions. Assumptions analysis is a technique that explores the assumptions�validity. It identifies risks to the project from inaccuracy, inconsistency, or incompleteness of assumptions.

.5 Diagramming techniques. Diagramming techniques may include:

11.2.3 Outputs from Risk Identification

.1 Risks. A risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project objective.

.2 Triggers. Triggers, sometimes called risk symptoms or warning signs, are indications that a risk has occurred or is about to occur. For example, failure to meet intermediate milestones may be an early warnning signal of an impending schedule delay.

.3 Input to other processes. Risk identification may identify a need for further action in another area. For example, the WBS may not have sufficient detail to allow adequate identification of risks, or the schedule may not be complete or entirely logical.

return to model

Which process involves prioritizing risks based on their probability and impact of occurrence quizlet?

Which action involves doing whatever you can to make sure the positive risk happens quizlet?

Which action involves shifting the consequence of risk and responsibility for its management to a third party?

Which of the following risk strategies involves taking steps to minimize the impact and likelihood of occurrence?