Posted inProject Management Insights
Posted inBasics
What is Project Management?
More specifically, what is a project? It's a temporary endeavor undertaken to create a unique…
Posted inFinancial & Risk Aspects of Projects
Quantitative Risk Analysis
· Analyse numerically the probability and consequence of each risk · Decision Tree analysis · Expected Monetary Value…
Posted inFinancial & Risk Aspects of Projects
Perform Qualitative Risk Analysis
COMMONLY USED METHODOLOGIES · Based on Failure Modes and Effects Analysis (FMEA) · Frequency and Severity Matrix…
Posted inFinancial & Risk Aspects of Projects
Risk Breakdown Structure
IDENTIFY RISKS Typical Information Gathering Techniques Brainstorming Delphi technique · Successive anonymous questionnaires on project risks…
Posted inFinancial & Risk Aspects of Projects
How Do We Manage Risk?
Using the six risk management processes · Plan Risk Management · Identify Risks · Perform Qualitative Risk Analysis…
Posted inFinancial & Risk Aspects of Projects
Key Risk-Related Terms
· Risk Factors · Probability of occurrence · Range of possible outcomes (impact and stake) · Expected timing of…
Posted inFinancial & Risk Aspects of Projects
Risk Management
“…the process involved with identifying, analysing, and responding to risk. Risk is part of every…
Posted inFinancial & Risk Aspects of Projects
Top-Down and Building-Block Approaches to Risk Management
The senior management of an organisation will view the risk management process by looking at…
Posted inFinancial & Risk Aspects of Projects
The Step-By-Step Risk Management Process
The risk management literature often adopts a stages model from the project management and decision…
Posted inFinancial & Risk Aspects of Projects
Risk Measurement
Risk measurement transforms that which is difficult to measure into quantifiable risks. The principal task…