Project Risk Management: A Practical Implementation Approach

✍ Scribed by Bissonette, Michael M.; Bissonette, Mike

• Publisher: Project Management Institute
• Year: 2016
• Tongue: English
• Leaves: 279
• Category: Library

✦ Synopsis

It’s not exactly news that putting the concepts of risk management into action can help make a project more successful. In fact, a solid understanding of risk management is a vital component of any project management professional’s training, regardless of the industry in which he or she might work. In today’s fast-paced, constantly changing, and extremely competitive environment, risk management is more important than ever for businesses hoping to find their footing in the global market. In Project Risk Management: A Practical Implementation Approach, author Michael M. Bissonette not only provides insights into the best ways to implement the traditional techniques of risk management, but also explores innovative new methods that can help modern organizations build their culture, improve financial performance, and ultimately achieve greater success in all of their projects

✦ Table of Contents

Content: Title Page
Copyright Page
Table of Contents
Table of Figures
Acknowledgments
Preface
Chapter 1: Practical Application of Project Risk Management
Overview
Content
Portfolio Project Risk Management-A Holistic Perspective
Practical Project Risk Management Concerns
Chapter 2: Risk Management-Integral to Project Management
Project Risk Management Fundamentals
General Process Cycles and Related Project Risks
Project Life Cycle Structure
Product Life Cycle
Product Development Cycle
Chapter 2: Summary
Chapter 3: Risk Definitions and General Categories
Definition of Risk. Traditional Definition of RiskPMBOK® Guide Definition of Risk
Causes versus Risks
Risk Metalanguage Statement: Example 1
Risk Metalanguage Statement: Example 2
Risk Description Metalanguage Statement: Example 1
Risk Description Metalanguage Statement: Example 2
The Potential Impact of Risks to Major Project Objectives
Risks to Major Project Objectives
Risk-Severity Definition
Risk Probability and Impact Scales
Risk Categories and Groupings
The Risk Breakdown Structure (RBS)
The Work Breakdown Structure (WBS)
Chapter 3: Summary. Chapter 4: Classical Project Risk Management PracticesPlanning Risk Management
The Risk Management Plan (RMP)
1.0: General Information
2.0: RPM Methodology
3.0: Roles and Responsibilities
4.0: Risk Management Budgeting
5.0: Risk Management Scheduling and Timing
6.0: Project Risk Categories
7.0: Individual (Qualitative) Risk Assessment Definitions
8.0: Project Stakeholder Tolerances
9.0: Risk Reporting Formats
10.0: Initial Project Assessment-Assumptions and Risks
11.0: Monitoring and Controlling Project Risks
The Heart of the Risk Management Process
Chapter 4: Summary. Chapter 5: Determining Individual Project RisksAssumptions versus Risks
Differentiating between Assumptions and Risks
Project Assumption Register
Identifying Individual Project Risks
Practical Methods for Identifying Individual Project Risks
Types of Risks
Project RBS Categories: Causes of Unsuccessful Project Execution
RBS Categories
Practical and Relevant Questions to Ask for Identifying Risks
Chapter 5: Summary
Chapter 6: Project Risks Influenced by the Project Manager and Project Team
Project Plans
Poor Bases of Estimates
Scope Omissions
Invalid Assumptions. Inadequate ContingenciesIdentifying Project Planning Risks
Project Management Controls
Poor Risk Management
Inadequate Cost and Schedule Controls
Poor Requirements Management
Compliance (i.e., Product Quality) Verification Gaps
Poor Metrics
Poor Supplier Management
Poor Trade-Off Analyses
Identifying Project Management Controls Risks
Project Communications
Unclear Priorities
Poor Decisions
Poor Status Reporting
Poor Team Direction
Poor/Inadequate Escalation
Identifying Project Communications Risks
Project Leadership
Inadequate Training/Development.

✦ Subjects

Project management.;Risk management.;Management Styles & Communication.;Management.;Business & Economics.