Description
It is the process of coming up with options, strategies, and actions to deal with the risk risks, and handle risk exposure of the project. It is used in the Planning Process Group and in the Risk Mgmt Knowledge Area.
Process Group
This activity is done in the following Process Group(s) during the project management.
Planning
Knowledge Area
This activity is done in the following Knowledge Areas during project management.
Project Risk Mgmt.
Tool
This activity is performed by using the following project management tools and techniques by the project manager and the team.
Tool Type | Tool |
Data analysis Tool | Alternatives analysis |
Cost-benefit analysis | |
Data gathering Tool | Interviews |
Decision making Tool | Multicriteria decision analysis |
Interpersonal and team skills Tool | Facilitation |
Common Tool | Contingent response strategies |
Expert judgment | |
Strategies for opportunities | |
Strategies for overall project risk | |
Strategies for threats |
Input
Performing this project management activity uses the following inputs to be used along with the tools and techniques in order to produce the expected outputs as mentioned below.
Input Type | Input |
Common Input | Enterprise environmental factors |
Organizational process assets | |
Project documents | Lessons learned register |
Project schedule | |
Project team assignments | |
Resource calendars | |
Risk register | |
Risk report | |
Stakeholder register | |
Project management plan | Cost baseline |
Resource management plan | |
Risk management plan |
Output
This activity in project management results in the following outputs after proving the required inputs and using the appropriate tools or techniques as mentioned above.
Output Type | Output |
Common Output | Change requests |
Project documents updates | Assumption log |
Cost forecasts | |
Lessons learned register | |
Project schedule | |
Project team assignments | |
Risk register | |
Risk report | |
Project management plan updates | Cost baseline |
Cost management plan | |
Procurement management plan | |
Quality management plan | |
Resource management plan | |
Schedule baseline | |
Schedule management plan | |
Scope baseline |
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