risk management process

An ongoing process of identifying,

treating and then managing risks.

occurs when the initial project objectives

aren’t well-defined.

• cost risks

• scope creep

• time tracking

• operational changes

may come in the form of miscommunication from stakeholders, vague

project scopes, or unclear deadlines.

You can use this tool to review the data from potential risks and determine their

relevance to your current project.

• risk register

• resource management

• risk data quality assesment

• probability matrix

Positive Risk should be considered

• False

• True

analysis helps you review a project's strengths, weaknesses, opportunities

and threats.

essential in assessing potential risks that could affect a project and

strategic planning to eliminate them or minimize their effect.

allows project managers to discover how much money they should

set aside as a contingency before the project begins.

• reserve analysis

• prior activities

• root cause analysis

• time crunch

give 1 (one) Best Risk Management Software Selection Criteria

This step gives you a holistic view of

the project at hand and pinpoints

where the team's focus should lie.

Most importantly, it’ll help you

identify workable solutions for each

risk.

• treat the risk

• analyze the risk

• identify the risk

• prioritize the risk