-
Why Are Companies “Good” but Very Rarely “Great” at Project Management?
May 19, 2013
-
Project Management Institute’s 2013 “Pulse of the Profession” Survey
May 18, 2013
-
Personal Time and Project Management Tips From America’s Top Universities
May 17, 2013
-
5 Things To Do On Your Small Project
May 17, 2013
-
The 7 Project Manager Personalities: Which One Are You?
May 16, 2013
-
Project Management - Organizational Influences
May 16, 2013
-
The Inconsistency of Agile
May 15, 2013
-
PMP Certification Mindset and the Training Dilemma
May 14, 2013
-
Chromatophobia - Fear of Project Status Reports
May 13, 2013
-
Promoting Agile beyond software development
May 12, 2013
Risk Management Process
September 6, 2008 | Author: PM Hut | Filed under: Risk Identification, Risk Management, Risk Quantification & Analysis, Risk Response & Control
Risk Management Process
By Tom Carlos (PMP)
The Risk Management Process consists of the following steps:
- Risk Identification
An iterative process of identifying which risks might affect the project
-
Risk Validation
Agreement that the risk is applicable to the project.
-
Risk Analysis
Process of determining the probability and impact of a risk. Methods include Qualitative and Quantitative Analysis
-
Risk Response Planning
Process of developing options and determining actions to reduce threats
-
Monitoring and Control
Process of continuously observing the project and risks, Monitoring the trigger events that call for utilization of Contingency Plans
Tom Carlos has over 20 years of cumulative experience in business, technical, and training environments. He is a Certified Project Management Professional (PMP) and member of the Sacramento Valley PMI Chapter. For other articles on similar subjects, you can visit www.carlosconsulting.com or contact him at tom@carlosconsulting.com.
Related Articles
No comments yet.
feel free to leave a comment
Comment Guidelines: Basic XHTML is allowed (a href, strong, em, code). All line breaks and paragraphs are automatically generated. Off-topic or inappropriate comments will be edited or deleted. Email addresses will never be published. Keep it PG-13 people!
XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
All fields marked with " * " are required.
- Agile Project Management
- Ask the Hut
- Certification
- Change Management
- Communications Management
- Computer Based Information Systems
- Concepts
- Corporate Transformation
- Cost Management
- Critical Chain Project Management
- Delegation
- History
- HR Management
- Implementing Project Management
- Integration Management
- Lessons Learned
- Management
- Miscellaneous
- People Issues
- PMBOK
- PRINCE2
- Procurement Management
- Program Management
- Project Lifecycle Phases
- Project Management Advantages
- Project Management Advantages
- Project Management as a Career
- Project Management Best Practices
- Project Management Charts
- Project Management Definitions
- Project Management Ethics
- Project Management for Beginners
- Project Management Guides
- Project Management Musings
- Project Management Office
- Project Management Proposals
- Project Management Templates
- Project Portfolio Management
- Project Workforce Management
- Quality Management
- Requirements Management
- Risk Management
- Scheduling
- Scope Management
- SCRUM
- Soft Management
- Time Management
- Training
- Uncategorized