Special Offers on Trainings

This blog has a tie up with Many top online training providers who are offering great deals for readers of this blog. The certifications covered include PMP, PMI RMP, PMI ACP, CAPM, Scrum Master Certification etc.

Click here to check them out.

Friday, July 6, 2012

Section Summary – Identify Risks



In this section we took a detailed look at one of the key activities in project risk management which is “Risk Identification”. Let us quickly summarize what we have learnt so far:

• The purpose of the risk identification process is to identify all possible risks that can affect our project
• The outcome of this step is the Risk Register
• Documents and artifacts that contain details reg. the project are one of the key inputs to this process along with the Risk Management Plan which outlines how we are going to conduct this activity
• Uncertainties are sources of risks and in this step we are going to analyze every aspect of the project to uncover those uncertainties
• There are 7 different tools & techniques that we can use in this risk identification process. They are:
o Documentation Review
o Information Gathering Techniques
o Checklist Analysis
o Assumptions Analysis
o Diagramming Techniques
o SWOT Analysis and
o Expert Judgment
Information Gathering Techniques include – Brainstorming, Delphi technique, Interviewing and Root cause analysis
• Diagramming Techniques include – Cause & Effect diagrams, flowcharts, influence diagrams etc.
SWOT Analysis intends on analyzing our project from the different perspectives like Strengths, Weaknesses, Opportunities and Threats to widen the reach of risk identification
• The 7 basic tools of quality are not directly part of the PBMOKs list of tools that we can use in risk identification but they are very relevant both from proper risk management perspective as well as the RMP Examination perspective
• These 7 basic tools of quality are:

1. Cause & Effect Diagrams
2. Control Charts
3. Flow Charts
4. Histograms
5. Pareto Charts
6. Run Charts and
7. Scatter Diagrams


Prev: Other Tools & Techniques

Next: Overview of Risk Communication

No comments:

Post a Comment

Sample PMP Exam Q & A

If you are preparing for the PMP Exam and want to get your hands on hundreds of sample questions, reach me at anandvijayakumar007@gmail.com to find out more...

Google+ Badge

© 2013 by www.getpmpcertified.blogspot.com. All rights reserved. No part of this blog or its contents may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the Author.

Followers