Urgent

INTERNAL

Below are just tips of who – what – where for Risk Management

Project Charter

Roles and Responsibilities

Definition of scales for probability and impact

Inputs: Plans, specifications, permits, financing, building materials ect……Things needed to build

Input:

· Project Charter

· Project Schedule

· Resource calendars

Tools:

· Analytical techniques

· Project management systems

· Benchmarking

· Product analysis

Techniques:

· Meetings – Plans for mitigating the risks- Communication plan

Outputs:

· Work Performance info

· Project management plan updates

· Organizational process assets updates

· Project document updates

Tools and techniques: Skilled labor, trades, concrete, framing, electrical, plumbing, finish work – How it will be done.

The result is the output

Team Project Part 1:

Erica

1. Initiation: Ensure to include the project objective; the project objective is found in the project scope statement document, which you must have, or create. Place the project scope statement document in the appendix section for reference. Other key information that you should provide in this section include the scope of the risk process for this project, stakeholders list, and project size.

Create Table of Contents (format below)

· Introduction

· Executive Summary

· Initiation

· Risk Management Planning

· Risk Identification (Input/Tools & Techniques/Outputs)

· Qualitative Risk Analysis (Identified risks, Risk Register)

· Conclusions

Write the following in Microsoft Word

· Introduction

· Executive Summary

· Initiation – Use the Project Scope that is written for the information needed

Marcia

2. Plan Risk Management: Consider including the key Inputs, Tools/Techniques, and Outputs (ITTOs) learned in this course, such as: Project Charter, Roles and Responsibilities, Definition of Scales for Probability and Impact, etc. Note: Be selective in choosing your ITTOs

· Risk Identification (Input/Tools & Techniques/Outputs)

· Roles and Responsibilities

· Definition of scales for probability and impact

Sheila

3. Identify Risks: Identify any issues that may impede or impair the completion of the project activities/objectives. You must identify at least 5 to 10 positive and 5 to 10 negative risks. The number of risks to be identified is suggested and will depend on the size of your project team. Consult with your professor to determine the exact number of positive and negative risks to be identified. Again, be selective in choosing your ITTOs for the risk identification process. Key inputs for this process should include project charter, work breakdown structure (WBS) chart, and/or WBS indented list. Key outputs should include the risk register list of the identified project risks.

· Qualitative Risk Analysis (Identified risks, Risk Register)

· Identify 5-10 positive risks and 5-10 negative risks

Jess

4. Perform Qualitative Risk Analysis: Categorize your risks using a suitable risk management tool. Assess the probability of occurrence and impact of identified risks. Next, calculate risk exposure and prioritize the identified risks.

· Find a risk management tool for probability

( I uploaded a risk management matrix template)

Shannen & Kate

Risk Management Planning

A. Project Charter – (DONE)

B. Project Scope Statement - (DONE)

C. Risk Management Tools

a. Project Sizing Tool

b. Stakeholder Analysis Tool

c. Work Breakdown Structure – (DONE)

d. Risk Breakdown Structure

e. Gantt Chart – (DONE)