Risk Assessment Flashcards
Five key stages in PM?
defining the project creating the project strategy detailed project planning implementation and control Review and learning
SWOT analysis
identifies strength, weakesses, opportunities and threats
SWOT analysis check what?
both the internal and external environment
what are strength and weaknesses?
controllable internal factors and can be changed
what are opportunities and threats?
uncontrollable external factors in the future and cannot be change
Questions to ask for strength?
What is going well? What can we rely on?
What satisfies us? Where do we get the energy from? What are
we proud of? What are our strengths?
Questions to ask for weaknesses?
What is difficult? Which disturbances hinder us? What is
missing? What is difficult for us? Where are our traps?
Questions to ask for opportunities?
What opportunities are opening up for us?
Which market segments will boom? What can we use in our
environment? What lies fallow? What is expandable?
Questions to ask for threats?
•
Where are the dangers lurking? What difficulties are we
facing? What must we expect? What are our fears?
Questions on the concretisation of SWOT strategies? S-O
Which opportunities can be used with the current strengths?
Questions on the concretisation of SWOT strategies? S-T
Which threats can be eliminated or reduced with
our current strengths?
Questions on the concretisation of SWOT strategies? W-O
Which opportunities can
be used if our current weakness has been
eliminated?
Questions on the concretisation of SWOT strategies? W-T
Which threats can be
banned if we eliminate our
current weakness?
Risk Management definition?
identifying the uncertainties in the planning of prject activities and their implementation
What are uncertainties?
Uncertainty is an unavoidable. characteristic feature of projects
qualitatie uncertainty analysis tool in project options and strategies phase? (know how to draw them)
Urgency-imprtance grid
Uncertainty-importance grid
Risk matrix
Uncertainty tunnel
which numerical methods can be used in the uncertainty analysis
use of decision-tree methodology (Monte Carlo methods)
in which area can the Monte carlo method be used?
drug efficiency, costs of drug development, time to market, penetration of market, drug price
how does the DIN EN 62198 defined project risk?
as the combination of the probability of a certain event occurring and its consequences for the project objectives
What are the 5 consecutive activites in a RMP?
- Risk identification
- Risk Assessment
- Risk treatment
- Recourse to a catalgue of measures
- Risk monitoring
What is a risk?
The effect of uncertainty on goals, eading to a deviation from the expectations in both positive and negative respects
What is risk managment in the project?
Systematic risk management endeavours to actively minimise the dangers
Risk owner?
the person responsible for monitoring th risk and eciding on an appropriate risk management strategy
Possible risk in a projects are?
product life cycle, Business risks, product risks and projects risks
