Guide for the Process of Managing Risk on Rapid Renewal Projects (2012) / Chapter Skim
Currently Skimming:
Pages 13-20
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 13... ...
11 2 RISK MANAGEMENT PROCESS INTRODUCTION Objectives The primary objective of the risk management process, whether at the individual project level or for a program of individual projects, is to optimize project performance (e.g., minimize cost, minimize disruption)
|
From page 14... ...
12 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS is appropriate and that reasonable approximations are made) and consistent with available information and expert judgment as well as with the needs of the project.
|
From page 15... ...
13 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Once the base assumptions are established for project performance, a comprehensive set of risks and opportunities (i.e., list) can be identified that might lead to changes in that performance.
|
From page 16... ...
14 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS contingency is established at less than a 100% confidence level, there is a chance that it will not be adequate. In such cases, either additional funding must be found or the scope of work must be reduced in order to complete the project.
|
From page 17... ...
15 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Step 3. Risk Assessment.
|
From page 18... ...
16 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS base and risk)
|
From page 19... ...
17 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Hence, as the project develops and the related risk management plan changes, the plan must continue to be effectively implemented. This step is discussed further in Chapter 9.
|
From page 20... ...
18 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Example A hypothetical case study by "QDOT" is used throughout this guide to illustrate the various steps of the risk management process. This case study is presented in Appendix D and includes a risk management plan (RMP)
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.