Risk Management - Revision history

Mihaelagh at 13:46, 20 September 2015

2015-09-20T13:46:31Z

← Older revision		Revision as of 13:46, 20 September 2015
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			PRINCE2 (an acronym for PRojects IN Controlled Environments) is a process-based method for effective project management. It is one of the most accepted and used methods in project management due to the fact that it can be applied to any project regardless of project scale, type, organization, geography or culture. Being widely recognized and understood, PRINCE2 provides a common vocabulary to all project participants and maintains the focus on the project viability in relation to the Business Case, rather than on the project end. The aim of PRINCE2 is to provide the right information at the right time for the right people to make the right decisions. It clearly defines project responsibilities and helps participants understand their roles and needs. (https://www.prince2.com/prince2-methodology + Managing Successful Projects with PRINCE2™ )


	=The method=		=The method=

Mihaelagh at 13:44, 20 September 2015

2015-09-20T13:44:40Z

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-=Planning Risk Management=
+=The method=
-=Risk Identification=
-=Risk Analysis=
+Every project has six variables and therefore six performance aspect that need to be managed: costs, time, quality, scope, risk and benefits.  Prince2 is an integrated framework of processes and themes that address the planning, delegation, monitoring and control of all these six aspects of project performance.  At its core, the method has seven principles, which are guiding obligations and practices that determine whether the project is managed using a PRINCE2 approach. In order to provide guidance on how the process should be performed, there are seven themes – aspects of the project management that need to be addressed continually through the project lifecycle. Being a process model of approaching project management, PRINCE2 has a series of activities that are required to direct, manage and deliver a project. (one thousand words + Managing Successful Projects with PRINCE2™)
-==Qualitative risk analysis==
-===Quantitative risk analysis===
 =Limitations=
 =Conclusion=
 =Bibliography=

Mihaelagh: /* Quantitative risk analysis */

2015-09-20T09:36:28Z

Quantitative risk analysis

← Older revision		Revision as of 09:36, 20 September 2015
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	=Risk Analysis=		=Risk Analysis=
	==Qualitative risk analysis==		==Qualitative risk analysis==
	==Quantitative risk analysis==		===Quantitative risk analysis===

	=Risk Assessment=		=Risk Assessment=
	=Planning risk responses=		=Planning risk responses=

Mihaelagh at 12:52, 13 September 2015

2015-09-13T12:52:30Z

← Older revision		Revision as of 12:52, 13 September 2015
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	=Planning Risk Management=		=Planning Risk Management=
	==Risk Identification==		=Risk Identification=
	==Risk Analysis==		=Risk Analysis=
	===Qualitative risk analysis===		==Qualitative risk analysis==
	===Quantitative risk analysis===		==Quantitative risk analysis==
	==Risk Assessment==		=Risk Assessment=
	==Planning risk responses==		=Planning risk responses=
	==Monitoring and controlling risks==		=Monitoring and controlling risks=

	=Limitations=		=Limitations=
	=Conclusion=		=Conclusion=
	=Bibliography=		=Bibliography=

Mihaelagh: /* Risk Management */

2015-09-13T12:51:43Z

Risk Management

← Older revision		Revision as of 12:51, 13 September 2015
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	Risk is an uncertain event or condition that, if it occurs, it has a positive or negative effect on a project’s objectives. Dealing with a project inherently involves risks and the challenge is to identify potential risks before they arise. Risks are determined by both the probability of occurring and the impact on the project. Risk management refers to a coordinated set of activities and methods that is used to direct an organization and to control the many risks that can affect its ability to achieve objectives. This article focuses on describing the process of dealing with risk management and providing examples of tools and techniques that can be used for each activity. There are numerous risk analysis tools and methods and they might differ from project to project. However, the steps required for risk management are the same: identifying the risks, analyse them related to probability and impact, assess and prioritize, develop plan for risk response and monitor and control risks throughout the project’s lifetime.		Risk is an uncertain event or condition that, if it occurs, it has a positive or negative effect on a project’s objectives. Dealing with a project inherently involves risks and the challenge is to identify potential risks before they arise. Risks are determined by both the probability of occurring and the impact on the project. Risk management refers to a coordinated set of activities and methods that is used to direct an organization and to control the many risks that can affect its ability to achieve objectives. This article focuses on describing the process of dealing with risk management and providing examples of tools and techniques that can be used for each activity. There are numerous risk analysis tools and methods and they might differ from project to project. However, the steps required for risk management are the same: identifying the risks, analyse them related to probability and impact, assess and prioritize, develop plan for risk response and monitor and control risks throughout the project’s lifetime.

	=Risk Management=		=Planning Risk Management=
	==Risk Identification==		==Risk Identification==
	==Risk Analysis==		==Risk Analysis==
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	==Planning risk responses==		==Planning risk responses==
	==Monitoring and controlling risks==		==Monitoring and controlling risks==

	=Limitations=		=Limitations=
	=Conclusion=		=Conclusion=
	=Bibliography=		=Bibliography=

Mihaelagh at 12:48, 13 September 2015

2015-09-13T12:48:37Z

← Older revision		Revision as of 12:48, 13 September 2015
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	~~=Summary=~~

	Risk is an uncertain event or condition that, if it occurs, it has a positive or negative effect on a project’s objectives. Dealing with a project inherently involves risks and the challenge is to identify potential risks before they arise. Risks are determined by both the probability of occurring and the impact on the project. Risk management refers to a coordinated set of activities and methods that is used to direct an organization and to control the many risks that can affect its ability to achieve objectives. This article focuses on describing the process of dealing with risk management and providing examples of tools and techniques that can be used for each activity. There are numerous risk analysis tools and methods and they might differ from project to project. However, the steps required for risk management are the same: identifying the risks, analyse them related to probability and impact, assess and prioritize, develop plan for risk response and monitor and control risks throughout the project’s lifetime.		Risk is an uncertain event or condition that, if it occurs, it has a positive or negative effect on a project’s objectives. Dealing with a project inherently involves risks and the challenge is to identify potential risks before they arise. Risks are determined by both the probability of occurring and the impact on the project. Risk management refers to a coordinated set of activities and methods that is used to direct an organization and to control the many risks that can affect its ability to achieve objectives. This article focuses on describing the process of dealing with risk management and providing examples of tools and techniques that can be used for each activity. There are numerous risk analysis tools and methods and they might differ from project to project. However, the steps required for risk management are the same: identifying the risks, analyse them related to probability and impact, assess and prioritize, develop plan for risk response and monitor and control risks throughout the project’s lifetime.

Mihaelagh: /* Summary */

2015-09-13T12:47:45Z

Summary

← Older revision		Revision as of 12:47, 13 September 2015
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	=Summary=		=Summary=

			Risk is an uncertain event or condition that, if it occurs, it has a positive or negative effect on a project’s objectives. Dealing with a project inherently involves risks and the challenge is to identify potential risks before they arise. Risks are determined by both the probability of occurring and the impact on the project. Risk management refers to a coordinated set of activities and methods that is used to direct an organization and to control the many risks that can affect its ability to achieve objectives. This article focuses on describing the process of dealing with risk management and providing examples of tools and techniques that can be used for each activity. There are numerous risk analysis tools and methods and they might differ from project to project. However, the steps required for risk management are the same: identifying the risks, analyse them related to probability and impact, assess and prioritize, develop plan for risk response and monitor and control risks throughout the project’s lifetime.

	=Risk Management=		=Risk Management=
	==Risk Identification==		==Risk Identification==

Mihaelagh at 12:24, 13 September 2015

2015-09-13T12:24:40Z

← Older revision		Revision as of 12:24, 13 September 2015
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	===Qualitative risk analysis===		===Qualitative risk analysis===
	===Quantitative risk analysis===		===Quantitative risk analysis===
			==Risk Assessment==
	==Planning risk responses==		==Planning risk responses==
	==Monitoring and controlling risks==		==Monitoring and controlling risks==

Mihaelagh at 12:20, 13 September 2015

2015-09-13T12:20:43Z

← Older revision		Revision as of 12:20, 13 September 2015
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	==Risk Identification==		==Risk Identification==
	==Risk Analysis==		==Risk Analysis==
	==~~Risk Plan development~~==		===Qualitative risk analysis===
	==~~Risk Mitigation~~==		===Quantitative risk analysis===
			==Planning risk responses==
			==Monitoring and controlling risks==
	=Limitations=		=Limitations=
	=Conclusion=		=Conclusion=
	=Bibliography=		=Bibliography=

Mihaelagh at 11:54, 13 September 2015

2015-09-13T11:54:48Z

← Older revision		Revision as of 11:54, 13 September 2015
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	=Summary=		=Summary=
	=Risk Management=		=Risk Management=
	==~~Identifying risks~~==		==Risk Identification==
	==Risk Analysis==		==Risk Analysis==
	==Risk Plan development==		==Risk Plan development==