Knowledge Areas

11. Risk Management

11.1 Plan Risk Management - Planning Process Group

Defining how to conduct risk management activities for a project

Inputs
  1. Project Charter
  2. Project Management Plan
  3. Project Documents
  4. Enterprise Environmental Factors
  5. Organizational Process Assets
Tools & Techniques
  1. Expert Judgment
  2. Project Management Plan
  3. Project Documents
Outputs
  1. Risk Management Plan

11.2 Identify Risks - Planning Process Group

Determining what risks may affect the project and documenting their characteristics

Inputs
  1. Project Management plan
  2. Project Documents
  3. Agreements
  4. Procurement Documentation
  5. Enterprise Environmental Factors
  6. Organizational Process Assets
Tools & Techniques
  1. Expert Judgement
  2. Data Gathering
  3. Data Analysis
  4. Interpersonal and Team Skills
  5. Prompt Lists
  6. Meetings
Outputs
  1. Risk Register
  2. Risk Report
  3. Project Documents Updates

11.3 Perform Qualitative Risk Analysis - Planning Process Group

The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact

Inputs
  1. Project Management Plan
  2. Project Documents
  3. Enterprise Environmental Factors
  4. Organizational Process Assets
Tools & Techniques
  1. Expert Judgement
  2. Data Gathering
  3. Data Analysis
  4. Interpersonal and Team Skills
  5. Risk categorization
  6. Data representation
  7. Meetings
Outputs
  1. Project Documents Updates

11.4 Perform Quantitative Risk Analysis - Planning Process Group

The process of numerically analyzing the effect of identified risks on overall project objectives

Inputs
  1. Project management plan
  2. Project Documents
  3. Enterprise Environmental Factors
  4. Organizational Process Assets
Tools & Techniques
  1. Expert Judgement
  2. Data Gathering
  3. Interpersonal and Team Skills
  4. Representation of Uncertainty
  5. Data Analysis
Outputs
  1. Project Documents Updates

11.5 Plan Risk Reponses - Planning Process Group

Developing options and selecting strategies and agreeing on actions to address overall project risk

Inputs
  1. Project Management Plan
  2. Project Documents
  3. Enterprise Environmental Factors
  4. Organizational Process Assets
Tools & Techniques
  1. Expert Judgement
  2. Data Gathering
  3. Interpersonal and Team Skills
  4. Strategies for Threats
  5. Strategies for Opportunities
  6. Contingent Response Strategies
  7. Strategies for Overall Project Risks
  8. Data Analysis
  9. Decision Making
Outputs
  1. Change Requests
  2. Project Management Plan Updates
  3. Project Documents Updates

11.6 Implement Risks Responses - Executing Process Group

The process of Implementing agreed-upon risk response plans

Inputs
  1. Project Management Plan
  2. Project Documents
  3. Organizational Process Assets
Tools & Techniques
  1. Expert Judgement
  2. Interpersonal and Team Skills
  3. Project Management Information Systems
Outputs
  1. Change Requests
  2. Project Documents Updates

11.7 Monitor Risks - Monitoring & Control Process Group

The process of monitoring the implementation of agreed-upon risk response plans, tracking identified risks, identifying and analyzing new risks, and evaluating risk processes throughout the project

Inputs
  1. Project Management Plan
  2. Project Documents
  3. Work Performance Data
  4. Work Performance Reports
Tools & Techniques
  1. Data Analysis 
  2. Audits
  3. Meetings
Outputs
  1. Work Performance Information
  2. Change Requests
  3. Project Management Plan Updates
  4. Project Documents Updates
  5. Organizational Process Assets updates