3.3 Assess & Manage Risks

Question 1

How

Answer 1

1. Develop your risk mgmt approach
2. Identify, assess & prioritize risk responses
3. Decide your risk response
4. Implement risk response

Question 2

1. Develop your risk mgmt approach

Answer 2

T&T
1. Expert judgement
2. Leadership skills - optimize risk response, tailoring, stewardship
3. Data gathering & analysis
4. Plan risk mgmt

D&A
1. Risk register
2. Risk mgmt plan
3. Profitability / Impact matrix
4. Risk-adjusted backlog
5. Risk Board

Question 3

2. Identify, assess & prioritize risk response

Answer 3

T&T
1. Data Gathering Analysis - Delphi technique, cause/effect - fishbone, SWOT, Document analysis
2. Expert Judgement

D&A
1. Risk Register
2. Product Backlog

Question 4

3. Decide your risk response

Answer 4

T&T
1. Leadership - Awareness of context, focus on value & enable change
2. Response Strategies
3. Retrospectives / Lessons learned

D&A
1. Risk Register
2. Risk Response Plan

Question 5

4. Implement Risk Response

Answer 5

T&T
1. Expert judgement
2. Decision making skills
3. Project mgmt information systems
4. Reprioritize the backlog

D&A
1. Project documents
2. Lessons learned repository
3. Community of Practice
4. Change requests