Fangirling + Stressed.
Jun. 16th, 2012 07:07 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
kazumicchiSo the Apple keynote was on Tuesday. I seriously fangirled and spammed twitter. First time I got jailed LOL.
Seriously stressed for my exam on monday. I'm seriously failing at studying, don't remember anything. I'm just going to use this post to study.
Risk management defn: defined by PMBOK (Project Manager's Book of Knowledge) as the processes concerned with risk management planning, identification, analysis, responses, monitoring and controlling of a project; the processes are updated throughout the project. The objectives of project risk management are to increase the probability and impact of positive events for the project, and decrease the probability and impact of events adverse to the project.
Risk analysis:
-risk identification
-risk estimation
-risk evaluation
risk managemet:
-risk planning
-risk control
-risk monitoring
-risk checking
-risk sorting
project risk management focuses on identifying, analysing and developing strategies for responding to risks efficiently and effectively.
provides a warning system for impeding or potential problems that need to be addressed or resolved.
common mistakes in managing risks:
-not understanding the benefits of risk management
-not providing adequate time for risk management
-not identifying and assessing risk using a standard approach
risk can happen at any stage of the project
risk does not have to be negative, can be an opportunity to do something
effective and successful project risk management requires
-commitment from all stakeholders
-stakerholder responsibility
-different risks for different types of projects
risk identification consists of listing all the risks that can adversely affect the successful execution of the project.
risk estimation consists of the likelihood and impact of each hazard.
risk evaluation consists of ranking the risks and determining risk aversion strategies.
risk planning concerns drawing up contingency plans and where appropriate, adding them to the project's task structure.
risk control concerns the main functions of the risk manager in minimising and reacting to the problems throughout the project.
risk monitoring must be an ongoing process, as the importance and likelihood of particular risks can change as the project proceeds.
risk directing and risk staffing are concerned with the day-to-day management of risk.
in IT projects, the focus is given to the risks that may cause a project to go over budget or timescale.
risks come and go, the world changes.
whatever task model/whichever techniques are used, risk management will only work if staff are risk-oriented and provided with an environment where they can freely discuss the risks that might affect the project.
risks can affect the project in different ways and at different stages of the project cycle.
processes and techniques must have a broad view of the project
risks can come from many sources, and can be internal or external to the project.
tools and techniques used for identifying risk:
-brainstorming
-interviews
-checklists
-past projects
risk has two components:
-the likelihood of the risk
-the impact of the event occurring
if the impact or likelihood increases so does the risk
risk response/strategies depend on
-nature of risk
-impact of risk on objectives
-project constraints - scope, budget, schedule, quality
-risk tolerance/preference of stakeholders
risk response strategy
-accept/ignore
-avoidance
-mitigate/contingency plan
-transfer
risk analysis determines the probability and impact of each risk
risk assessment prioritises risks to help develop effective risk strategies.
after creating the risk plan, triggers must be monitored to track the risks.
new threats and opportunities may be uncovered
risk management is a continual exercise
risk monitoring and control may be included in project monitoring and control
tools include risk audits, risk review, risk status meetings and reports
when a risk trigger occurs the risk owner must take appropriate action
resources must be available, and the outcome can be favourable or unfavourable
evaluate the process and learn from it to develop best practice.
not all risks can be eliminated
Seriously stressed for my exam on monday. I'm seriously failing at studying, don't remember anything. I'm just going to use this post to study.
Risk management defn: defined by PMBOK (Project Manager's Book of Knowledge) as the processes concerned with risk management planning, identification, analysis, responses, monitoring and controlling of a project; the processes are updated throughout the project. The objectives of project risk management are to increase the probability and impact of positive events for the project, and decrease the probability and impact of events adverse to the project.
Risk analysis:
-risk identification
-risk estimation
-risk evaluation
risk managemet:
-risk planning
-risk control
-risk monitoring
-risk checking
-risk sorting
project risk management focuses on identifying, analysing and developing strategies for responding to risks efficiently and effectively.
provides a warning system for impeding or potential problems that need to be addressed or resolved.
common mistakes in managing risks:
-not understanding the benefits of risk management
-not providing adequate time for risk management
-not identifying and assessing risk using a standard approach
risk can happen at any stage of the project
risk does not have to be negative, can be an opportunity to do something
effective and successful project risk management requires
-commitment from all stakeholders
-stakerholder responsibility
-different risks for different types of projects
risk identification consists of listing all the risks that can adversely affect the successful execution of the project.
risk estimation consists of the likelihood and impact of each hazard.
risk evaluation consists of ranking the risks and determining risk aversion strategies.
risk planning concerns drawing up contingency plans and where appropriate, adding them to the project's task structure.
risk control concerns the main functions of the risk manager in minimising and reacting to the problems throughout the project.
risk monitoring must be an ongoing process, as the importance and likelihood of particular risks can change as the project proceeds.
risk directing and risk staffing are concerned with the day-to-day management of risk.
in IT projects, the focus is given to the risks that may cause a project to go over budget or timescale.
risks come and go, the world changes.
whatever task model/whichever techniques are used, risk management will only work if staff are risk-oriented and provided with an environment where they can freely discuss the risks that might affect the project.
risks can affect the project in different ways and at different stages of the project cycle.
processes and techniques must have a broad view of the project
risks can come from many sources, and can be internal or external to the project.
tools and techniques used for identifying risk:
-brainstorming
-interviews
-checklists
-past projects
risk has two components:
-the likelihood of the risk
-the impact of the event occurring
if the impact or likelihood increases so does the risk
risk response/strategies depend on
-nature of risk
-impact of risk on objectives
-project constraints - scope, budget, schedule, quality
-risk tolerance/preference of stakeholders
risk response strategy
-accept/ignore
-avoidance
-mitigate/contingency plan
-transfer
risk analysis determines the probability and impact of each risk
risk assessment prioritises risks to help develop effective risk strategies.
after creating the risk plan, triggers must be monitored to track the risks.
new threats and opportunities may be uncovered
risk management is a continual exercise
risk monitoring and control may be included in project monitoring and control
tools include risk audits, risk review, risk status meetings and reports
when a risk trigger occurs the risk owner must take appropriate action
resources must be available, and the outcome can be favourable or unfavourable
evaluate the process and learn from it to develop best practice.
not all risks can be eliminated
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