Risk Management

Question 1

11.1 Plan Risk Management (PL)

Inputs
Tools/Techniques
Outputs

Answer 1

Project Charter, Stakeholder Register

Stakeholder Analysis

Risk Mgmt Plan

Question 2

11.2 Identify Risks (PL)

Inputs
Tools/Techniques
Outputs

Answer 2

Agreements, Proc Doc, Baselines, Mgmt Plans

Prompt Lists, Root Cause Analysis, Assumption & Constraint Analysis, SWOT, Doc Analysis

Risk Register, Risk Report

Question 3

11.3 Perform Qualitative Risk Analysis (PL)

Inputs
Tools/Techniques
Outputs

Answer 3

Risk Mgmt Plan

Risk Categorization, Data Quality Assessment, P + I Assessment, Assessment of other Parameters, P + I Assessment, P + I Matrix, Hierarchal Chart, Facilitation

Update Risk Register

Question 4

11.4 Perform Quantitative Risk Analysis (PL)

Inputs
Tools/Techniques
Outputs

Answer 4

Risk Mgmt Plan, Baselines

Representations of Uncertainty, Simulation (Monte Carlo), Sensitivity Analysis (Tornado Diagram), Decision Tree Analysis, Influence Diagrams

Update Risk Report

Question 5

11.5 Plan Risk Response (PL)

Inputs
Tools/Techniques
Outputs

Answer 5

Risk & Resource Mgmt Plan, Cost Baselines

Strategies for Threats, Opportunities, & Overall Proj Risk, Contingent Response Strategies, Cost-Benefit & Alternative Analysis

Change Req

Question 6

11.6 Implement Risk Response (EX)

Inputs
Tools/Techniques
Outputs

Answer 6

Risk Mgmt Plan, Risk Reg, Risk Report

PMIS, Influencing

Change Req

Question 7

11.7 Monitor Risks (M&C)

Inputs
Tools/Techniques
Outputs

Answer 7

Work Perf Data, Work Perf Reports, Risk Mgmt Plan

Technical Performance Analysis, Reserve Analysis, Audits

Change Req, Work Perf Info