RM Workshop Base-Snapshot

RMPRMP

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Course Schedule and Contents

Day #Day # ContentsContents

1

1. Project Management Overview2. Risk Management Overview3. Inputs to Risk Management4. Plan Risk Management

25. Identify Risks6. Perform Qualitative Risk Analysis7. Perform Quantitative Risk Analysis

38. Plan Risk Responses9. Monitor and Control Risks


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Cause, Risk and Effect

Cause : Requirement/Constraint / Condition

• Requiring an environmental permit to do work

Risk / Uncertainty

• Permitting agency may take longer than planned to issue a permit

Effect / Impact /Possible Result

• If these uncertain events occurs, there may be an impact on the project cost and schedule.

“Because of <one or more causes>, <risk> might occur, which would lead to <one or more effects>”.


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“If You Don’t Actively Attack the Risks,5 www.AliVahedidiz.com

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The Risks Will Actively Attack You.”6 www.AliVahedidiz.com

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Project Risk Management

Planning

• Plan Risk Management

• Identify Risks

• Perform Qualitative Risk Analysis

• Perform Quantitative Risk Analysis

• Plan Risk Responses

Controlling

• Monitor and Control Risks


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Project Risk Management

Plan Risk Management

Perform Quantitative Risk Analysis

Identify Risk

Plan Risk Responses

Perform Qualitative

Risk Analysis

Monitor & Control Risks


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What Went Wrong?

Did Not55%

Did Some38%

Not Know7%


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Plan Risk Management OutputsRisk MP – Probability and Impact Matrix

Tusler’sTusler’s Risk Classification SchemeRisk Classification Scheme


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Plan Risk Management OutputsRisk MP – Probability and Impact Matrix


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WORKSHOPDevelop Project RBS

Develop P&I Matrix

A Sample Please?


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Identify Risk T&TInformation Gathering Techniques: Brainstorming

Goal: Obtain a comprehensivelist of project

risks

Multidisciplinaryset of experts

Facilitator

Traditional free-formStructured:

nominal group technique

RBS can be used as a

framework


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WorkshopComplete Project Risk

Register


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Rapid and Cost-effective

Prioritizing Risks

Subjective Analysis

Assessing and Combining P&I

of Risks

Perform Qualitative Risk Analysis

Perform Quantitative Risk Analysis

Plan Risk Responses


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WorkshopPrioritize Identified

Risk


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Simulation: Monte Carlo Analysis

Start Finish

A B

C

D

E


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Simulation: Monte Carlo AnalysisProject Costs

IT Project Management, Third Edition


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Plan Risk ResponsesPlan Risk Responses


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Risk Response Planning OutputRisk Register Updates


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Name: Ali Vahedi, MSc, PgMP, PMP, RMP, BSC BB

Email: [email protected]

Web: www.AliVahedidiz.com

www.RSRastak.com

Good Luck!Good Luck!

Contact Information


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Documents

RM Workshop Base-Snapshot