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Browsing All posts tagged under »Risk Register«
Risk from a Business Analysis Perspective
The International Institute of Business Analysis was founded just a few years ago in 2003. In terms of professional associations it’s a new kid on the block. Yet in a short time it’s made a profound impact on the discipline and profession of business analysis. One success factor of The IIBA for making a swift […]
Secondary Risk versus Residual Risk
December 28, 2010 by Dave Kohrell
Synonymous term or a different term, that’s a common question we receive in our course delivery for secondary versus residual risks. Those two terms do sound quite a bit a like. Are they? They’re similar concepts but are different! Secondary risk occurs once a risk event triggers and the appropriate management response strategy deployed. The […]
Risk Types from Auditing
December 22, 2010 by Dave Kohrell
Don’t start from scratch. Reuse and recycle. Learn from others. Those three quick statements for learning apply to risk management. Identifying potential risks, good and bad, can be a cumbersome process. To hasten the process, discover what risk are common for your industry, whether that’s construction, information technology, product development or public power. Use those […]
Risk Management Approaches
December 2, 2010 by Dave Kohrell
Weaving throughout the Business Analysis Body of Knowledge (BABOK), ISACA content & CobiT, Lean Six Sigma best practice and the Project Management Body of Knowledge (PMBOK) / PRINCE 2 is the concept of proactively managing risk. Risk is based on a probability of an event occuring (positive and negative) and the impact should that even […]
Perform Quantitative Risk Analysis Process
April 6, 2009 by tapuniversity
Perform Quantitative Risk Analysis is one of the 42 project management processes described in the fourth edition PMBOK®. It’s one of the six Risk knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to numerically analyze the effects of project risks. This can be time-consuming, so it typically […]
Perform Qualitative Risk Analysis Process
April 3, 2009 by tapuniversity
Perform Qualitative Risk Analysis is one of the 42 project management processes described in the fourth edition PMBOK®. It’s one of the six Risk knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to perform a qualitative risk analysis, which prioritizes risks based on their probability of occurring […]
Identify Risks Process
April 2, 2009 by tapuniversity
Identify Risks is one of the 42 project management processes described in the fourth edition PMBOK®. It’s one of the six Risk knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to document the risks along with their characteristics in the Risk Register that may affect the project. […]
Risk Register
March 27, 2009 by tapuniversity
The Risk Register is an important project management document. It originally appears as the only output to the Identify Risks process of the fourth edition PMBOK®. As more analysis, planning, and monitoring occurs throughout the four risk processes that follow it (Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, and Monitor and […]
PMP Exam –Process Inputs and Outputs – Risk
February 12, 2009 by tapuniversity
In the fourth edition PMBOK®, there are 42 processes—each with its own set of inputs, tools and techniques, and outputs. When learning these processes for your PMP® exam, look for patterns in the inputs and outputs and focus especially on any that are unique to a particular process. For example, in the fourth PMBOK, there […]
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December 29, 2010 by Dave Kohrell
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