-
8 Traits of Top Project Managers - Part 1
February 9, 2012
-
Agile Project Management - Engaging Your Customer!
February 9, 2012
-
9 Tips to Avoid Traps in Project Planning
February 9, 2012
-
Why Projects Succeed - Executive Sponsorship
February 8, 2012
-
On Customer Participation in Agile Projects
February 8, 2012
-
A Project Charter for Lazy Teams
February 8, 2012
-
The Power of Process: How Bad Project Management Kills Great Ideas
February 7, 2012
-
The Benefits of Virtual Project Management
February 7, 2012
-
Lessons Learned and the Project Council
February 7, 2012
-
Project Management Across the Knowledge Domain
February 6, 2012
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