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Ə ƏƏ CHAPTER 11 – PROJECT RISK MANAGEMENT 463')77)7 4PER6MWO1KQX 4 (IJMRMRKLS[XSGSRHYGXVMWOQKQXSRXLITVSNIGX -HIRXMJ]6MWOW 4 (IXIGXMRKVMWOWXLEXQE]EJJIGXXLITVSNIGX 4IVJSVQ5YEPMXEXMZI6MWO%REP]WMW 4 4VMSVMXM^MRKVMWOWF]IZEPYEXMRKXLIMVTVSFEFMPMX]ERHMQTEGX 4IVJSVQ5YERXMXEXMZI6MWO%REP]WMW 4 2YQIVMGEPP]EREP]^MRKXLIIJJIGXSJVMWOWSRSFNIGXMZIW 4PER6MWO6IWTSRWIW 4 (IJMRMRKWXVEXIKMIWERHEGXMSRWXSEHHVIWWTVSNIGXVMWOW -QTPIQIRX6MWO6IWTSRWIW ) -QTPIQIRXMRKTPERRIHVMWOVIWTSRWIW 1SRMXSV6MWOW 1 8VEGOMRKVMWOWMHIRXMJ]MRKERHEREP]^MRKRI[SRIW /)='32')487 6MWO Ɓ %RYRGIVXEMRIZIRXXLEXMJSGGYVWLEWETSWMXMZISVRIKEXMZIIJJIGXSRXLITVSNIGX 4VSFEFMPMX]Ɓ ,S[PMOIP]MWXLIVMWOXSLETTIR# -QTEGX Ɓ -JXLIVMWOHSIWLETTIRLS[KSSHSVFEH[MPPXLIIJJIGXWFI# 6MWO6IKMWXIVƁ -RGPYHIWMHIRXMJMIHVMWOWERHVIWTSRWITPERW9THEXIHXLVSYKLSYXVMWOTPERRMRK ƈ-()28-*=6-7/7ƉƁ /)=83307 (EXE+EXLIVMRK &VEMRWXSVQMRKƁ +IRIVEPXIGLRMUYIJSVMHIRXMJ]MRKVMWOW 'LIGOPMWXWƁ 9WIHXSHIXIVQMRIMJVMWOWSRTEWXTVSNIGXWETTP]XSSYVRI[TVSNIGX -RXIVZMI[MRKƁ -RXIVZMI[MRKI\TIVMIRGIHWXEOILSPHIVWERHI\TIVXWXSMHIRXMJ]VMWOW (EXE%REP]WMW 7;38%REP]WMW Ɓ ,IPTWMHIRXMJ]TSXIRXMEPVMWOWWXERHWJSVWXVIRKXL[IEORIWWSTTSVXYRMX]XLVIEX 6SSX'EYWI%REP]WMW 6'% Ɓ ;SVOMRKXSHIXIVQMRIXLIYRHIVP]MRKGEYWIWSJERMWWYI (SGYQIRX%REP]WMWƁ 6IZMI[MRKHSGYQIRXMRTYXWXSMHIRXMJ]TSWWMFPIVMWOW %WWYQTXMSR%REP]WMW Ɓ -HIRXMJ]MRKVMWOWXSXLITVSNIGXJVSQMREGGYVEG]SJEWWYQTXMSRW ƈ4)6*36159%28-8%8-:)6-7/%2%0=7-7ƉƁ ƈ(%8%%2%0=7-7Ɖ83307 7MQYPEXMSRW Ɓ 7MQYPEXIW ƈMXIVEXIWƉ XLIIJJIGXSJVMWOWSRTVSNIGXSYXGSQIW 1SRXI'EVPS 7IRWMXMZMX]%REP]WMW Ɓ %WWIWWMRK[LMGLVMWOGSYPHLEZIXLIFMKKIWXMQTEGXSRTVSNIGXSYXGSQIW (IGMWMSR8VII%REP]WMW Ɓ 7LS[WEPXIVREXITEXLWXLVSYKLETVSNIGXXSWYTTSVXHIGMWMSRQEOMRK -RJPYIRGI(MEKVEQW Ɓ 7LS[WIJJIGXWFIX[IIRTVSNIGXZEVMEFPIW 7GYVZIWXSVREHSHMEKVEQW 437-8-:)6-7/6)74327)7 34436892-8-)7 )\TPSMXƁ )PMQMREXIXLIYRGIVXEMRX]F]IRWYVMRKXLISTTSVXYRMX]HIJMRMXIP]LETTIRW )RLERGI Ɓ -RGVIEWIXLITVSFEFMPMX]ERHSVTSWMXMZIMQTEGXWSJERSTTSVXYRMX] 7LEVI Ɓ %PPSGEXMRKS[RIVWLMTXSEXLMVHTEVX][LSMWFIWXEFPIXSGETXYVIXLIFIRIJMX %GGITX Ɓ 8EOIEHZERXEKISJXLISTTSVXYRMX]MJMXEVMWIWFYXHSRSXEGXMZIP]TYVWYIMX )WGEPEXI Ɓ *SVVMWOWFI]SRHXLITVSNIGXƅWWGSTIEYXLSVMX]GSQQYRMGEXIXLIQXSXLITVSTIVTEVXMIW CHAPTER 12 – PROJECT PROCUREMENT MANAGEMENT 463')77)7 4PER4VSGYVIQIRX1KQX 4 (SGYQIRXMRKXLITVSGYVIQIRXQIXLSHMHIRXMJ]MRKTSXIRXMEPWIPPIVW 'SRHYGX4VSGYVIQIRXW ) 'SPPIGXMRKWIPPIVVIWTSRWIWGLSSWMRKEWIPPIVERHE[EVHMRKEGSRXVEGX 'SRXVSP4VSGYVIQIRXW 1 1EREKMRKTVSGYVIQIRXVIPEXMSRWLMTWERHQSRMXSVGSRXVEGXTIVJSVQERGI ƈ40%2463'96)1)281%2%+)1)28ƉƁ /)=3984987 4VSGYVIQIRX1EREKIQIRX4PERƁ (IWGVMFIWLS[XSEGUYMVIKSSHWWIVZMGIWJVSQI\XIVREPSVKW 4VSGYVIQIRX7XVEXIK] Ɓ 3YXPMRIWHIPMZIV]QIXLSHWGSRXVEGXX]TIWERHTVSGYVIQIRXTLEWIW 4VSGYVIQIRX7XEXIQIRXSJ;SVO 73; Ɓ 8LITSVXMSRSJXLIWGSTIFEWIPMRIXSMRGPYHIMREGSRXVEGX &MH(SGYQIRXWƁ 9WIHXSWSPMGMXTVSTSWEPWJVSQTVSWTIGXMZIWIPPIVW IK6*-6*46*5 1EOISV&Y](IGMWMSRWƁ (IGMWMSRWEFSYX[LIXLIVSVRSX[SVORIIHWXSFITYVGLEWIHI\XIVREPP] 7SYVGI7IPIGXMSR'VMXIVMEƁ 8LIGVMXIVMEYWIHXSVEXISVWGSVIWIPPIVW 7YGLEWSZIVEPPGSWX -RHITIRHIRX'SWX)WXMQEXIWƁ +IRIVEXMRKSYVS[RGSWXIWXMQEXIXSYWIEWEFIRGLQEVOJSVFMHW ƈ'32(9'8463'96)1)287ƉƁ /)=83307 %HZIVXMWMRKƁ 9WMRKEHZIVXMRKXSHVE[QSVITSXIRXMEPWIPPIVW &MHHIV'SRJIVIRGIWƁ 1IIXMRKWFIX[IIRXLIFY]IVERHTSWWMFPIWIPPIVWTVMSVXSWYFQMXXEPSJFMHW (EXE%REP]WMWƁ 9WMRKEJSVQEPTVSTSWEPIZEPYEXMSRVIZMI[TVSGIWW -RXIVTIVWSREP7OMPPW 2IKSXMEXMSR Ɓ 9WIHXSGPEVMJ]XLIWXVYGXYVIERHXIVQWSJEGSRXVEGX ƈ'328630463'96)1)287ƉƁ /)=83307 (EXE%REP]WMW 4IVJSVQERGI6IZMI[WƁ %WXVYGXYVIHVIZMI[SJXLIWIPPIVƅWTVSKVIWW )EVRIH:EPYI%REP]WMW ):% Ɓ %WWIWWXLIGSWXWGLIHYPIZEVMERGIERHTIVJSVQERGISJXLIWIPPIV 8VIRH%REP]WMWƁ *SVIGEWXMRKXLIIWXMQEXIHGSWXWEXGSQTPIXMSR )%' 'PEMQW%HQMRMWXVEXMSRƁ ,ERHPMRKGSRXIWXIHGLERKIW[LIVIXLIFY]IVWIPPIVHSRƅXEKVII %(6 %YHMXW Ɓ %VIZMI[SJXLITVSGYVIQIRXTVSGIWWXSMHIRXMJ]WYGGIWWIWERHJEMPYVIW '3286%'88=4)7 *M\IH4VMGI *MVQ*M\IH4VMGI **4 Ɓ 8LITVMGIMWHIXIVQMRIHEXXLIWXEVXERHMWRSXWYFNIGXXSGLERKI *M\IH4VMGI-RGIRXMZI*II *4-* Ɓ &SRYWIWQE]FIKMZIRMJGIVXEMRSFNIGXMZIWEVIEGLMIZIH *M\IH4VMGI[)GSRSQMG4VMGI%HNYWXQIRX *4)4% Ɓ 1E]EHNYWXFEWIHSRIGSRSQMGMRHMGIW 'SWX6IMQFYVWEFPI 'SWX4PYW*M\IH*II '*44 Ɓ 8LIWIPPIVMWVIMQFYVWIHJSVGSWXWERHKMZIREJM\IHTE]QIRX 'SWX4PYW-RGIRXMZI*II '4-* Ɓ &SRYWIWQE]FIKMZIRMJGIVXEMRSFNIGXMZIWEVIEGLMIZIH 'SWX4PYW%[EVH*II '4%* Ɓ %JIIMWIEVRIHMJFVSEHWYFNIGXMZITIVJSVQERGIGVMXIVMEEVIQIX 8MQI 1EXIVMEPW 8 1 Ɓ 'SWXQE]RSXFIJYPP]HIJMRIHEXXLIWXEVXERHWGSTIQE]FISTIRIRHIH CHAPTER 13 – PROJECT STAKEHOLDER MANAGEMENT /)='32')487 4VSNIGX7XEOILSPHIVWƁ %R]SRI[LSQE]FIEJJIGXIHF]XLITVSNIGX 1E]FIEGXMZIP]MRZSPZIHQE]LEZIHMJJIVMRKI\TIGXEXMSRWQE]FITSWMXMZIP]RIKEXMZIP]MQTEGXIH 7XEOILSPHIV6IKMWXIVƁ (SGYQIRXWXLIJSPPS[MRK WIRWMXMZI MRJSVQEXMSREFSYX]SYVWXEOILSPHIVW -HIRXMJMGEXMSR-RJSVQEXMSRƁ 2EQISVKERM^EXMSRPSGEXMSRVSPIIXG %WWIWWQIRX-RJSVQEXMSRƁ 1ENSVVIUYMVIQIRXWI\TIGXEXMSRWMRJPYIRGIIXG 7XEOILSPHIV'PEWWMJMGEXMSRƁ -RXIVREPI\XIVREPMQTEGXMRJPYIRGITS[IVMRXIVIWXIXG 463')77)7 -HIRXMJ]7XEOILSPHIVW - (IXIVQMRMRK[LS[MPPFIEJJIGXIHF]XLITVSNIGX 4PER7XEOILSPHIV)RKEKIQIRX 4 (IZIPSTMRKWXVEXIKMIWXSIRKEKIWXEOILSPHIVWHYVMRKXLITVSNIGX 1EREKI7XEOILSPHIV)RKEKIQIRX ) 'SQQYRMGEXMRK[MXLWXEOILSPHIVWERHEHHVIWWMRKMWWYIW 1SRMXSV7XEOILSPHIV)RKEKIQIRX 1 1SRMXSVMRKERHEHNYWXMRKTPERWJSVIRKEKMRKWXEOILSPHIVW 78%/),30()6'0%77-*-'%8-3213()07 4S[IV-RXIVIWX+VMHƁ F] PIZIPSJEYXLSVMX] TS[IV PIZIPSVGSRGIVR MRXIVIWX 4S[IV-RJPYIRGI+VMH Ɓ F] PIZIPSJEYXLSVMX] TS[IV EGXMZIMRZSPZIQIRX MRJPYIRGI -RJPYIRGI-QTEGX+VMHƁ F] EGXMZIMRZSPZIQIRX MRJPYIRGI EFMPMX]XSIJJIGXGLERKI MQTEGX 7XEOILSPHIV'YFI Ɓ 'SQFMRIWXLIKVMHWEFSZIMRXSE(QSHIP 7EPMIRGI1SHIPƁ F] TS[IV YVKIRG]ERH PIKMXMQEG] (MVIGXMSRWSJ-RJPYIRGIƁ 'PEWWMJMIWEGGSVHMRKXSLS[XLI]GERMRJPYIRGIXLI[SVO )<%140)73*78%/),30()67 -28)62%0 7TSRWSVWƁ 4VSZMHIWXLIVIWSYVGIW 4VSNIGX8IEQƁ 'VIEXIXLIHIPMZIVEFPIW 41Ɓ 4IVJSVQ41JYRGXMSRW FYHKIXMRK 413Ɓ 7XERHEVHM^ITVSNIGXKSZIVRERGI )\XIVREP 'YWXSQIVWƁ %TTVSZIQEREKIXLISYXGSQIW 9WIVWƁ 9WIXLISYXGSQIWSJXLITVSNIGX 7YTTPMIVWƁ 9RHIVGSRXVEGXXSTVSZMHIXLMRKW OTHER TIPS 463')77+63948-47 -RMXMEXMRK Ɓ 3RP]X[STVSGIWWIW (IZIPST4VSNIGX'LEVXIV-HIRXMJ]7XEOILSPHIVW 4PERRMRK Ɓ 9WYEPP]MRGPYHIWƈTPERƉƈIWXMQEXIƉSVƈHIJMRIƉ IK(IJMRI%GXMZMXMIW )\IGYXMRK Ɓ 9WYEPP]MRGPYHIWƈQEREKIƉƈGSRHYGXƉSVƈEGUYMVIƉ IK'SRHYGX4VSGYVIQIRXW 1SRMXSVMRK 'SRXVSPPMRKƁ %P[E]WMRGPYHIWƈQSRMXSVƉƈGSRXVSPƉSVƈZEPMHEXIƉ IK'SRXVSP'SWXW 'PSWMRK Ɓ 3RP]SRITVSGIWW 'PSWI4VSNIGXSV4LEWI -8834%88)627 3YXTYXWSJSRITVSGIWWSJXIRFIGSQIMRTYXWXSPEXIVTVSGIWWIW -RTYXWERHSYXTYXWEVISJXIRHSGYQIRXW 8SSPWERHXIGLRMUYIWEVISJXIREGXMSRW 8LIƈ4VSNIGX1EREKIQIRX4PERƉMWERMRTYXXSRIEVP]IZIV]TVSGIWW ƈ3VK4VSGIWW%WWIXWƉERHƈ)RXIVTVMWI)RZMVSRQIRXEP*EGXSVWƉEVIMRTYXWXSQSWXTVSGIWWIW ƈ)\TIVX.YHKQIRXƉƈ(EXE%REP]WMWƉERHƈ1IIXMRKWƉEVIXSSPWXIGLRMUYIWSRQER]TVSGIWWIW ƈ4VSNIGX(SGYQIRXW9THEXIWƉERHƈ4149THEXIWƉEVISYXTYXWSJQER]TVSGIWWIW %R]XLMRKXLEXMRGPYHIWƈYTHEXIWƉ[MPPEP[E]WFIERSYXTYX RIZIVERMRTYXSVXSSP %R]XLMRKXLEXMRGPYHIWƈW]WXIQƉ[MPPEP[E]WFIEXSSP RIZIVERMRTYXSVSYXTYX -RHMZMHYEPTPERW IKƈ6MWO1KQX4PERƉ EVIEPQSWXEP[E]WERSYXTYXSJƈ4PERƏƉTVSGIWWIW ƈ;SVO4IVJSVQERGI(EXEƉMWERMRTYXSRƈ1SRMXSVMRKƉTVSGIWWIW )\GITXMRƈ-RXIKVEXMSRƉ ƈ'LERKIW6IUYIWXWƉEVIERSYXTYXSRƈ1SRMXSVMRKƉTVSGIWWIW )\GITXMRƈ-RXIKVEXMSRƉ ƈ;SVO4IVJSVQERGI-RJSƉMWERSYXTYXSRƈ1SRMXSVMRKƉTVSGIWWIW )\GITXMRƈ-RXIKVEXMSRƉ