This video presents the elements of a good risk plan, and the purpose of each element in assisting with project management, communication, and maintaining project integrity.
- Murphy's Law states if anything can go wrong, it will.…Well, I believe Murphy has relatives,…and they all live in project circles.…Doesn't take much for risk to haunt your project.…So, to control this potential chaos,…you build a risk plan.…A risk plan is a document that describes how…project risk management will be structured…and performed on a project.…I've included a sample plan in the exercise files,…and shortly, I will talk you through an example…based on that plan structure.…
First, your risk plan needs to describe…your risk identification approach.…The most common way to do this is to run…a risk identification workshop.…Get a group together, including sponsors…and project team members,…and brainstorm risks.…You could use risk registers from…prior projects as a start.…The second element of a risk plan is to capture…how you'll describe the risks.…For example, you'll want to capture…the characteristics of the risks.…Characteristics include categories like…personnel or technical issues.…
You might also capture the nature of impact…
Note: This course follows the latest guidance from Project Management Institute, Inc., as outlined the PMBOK® 6 Guide.
- Explore why dealing with risks needs to be part of the everyday process used to manage a project.
- Learn to outline the most common, pragmatic approaches to identifying risks specific to a project.
- Recall methods for qualifying and quantifying your risks to determine specific risks and manage their costs.
- Examine the primary considerations for a project risk plan and what components should be included in every plan.
- Assess techniques that help you identify the overall risk a project presents to your business.
- Examine several risk analysis and filtering examples that help ensure you've addressed individual risks properly on your project.