Project Risk Management
R-1
 Qualitative Risk Analysis
 Quantitative Risk Analysis
 Risk Response Planning
 Sticky note technique
 Risk matrix template
 FMEA template
 Case exercise
R-2
Cause & Effect (“fishbone”) diagrams, Delphi method, Brainstorming, Nominal Group
Brainstorming, Creativity, Idea Generation Methods, mind mapping
http://bcs.wiley.com/he-bcs/Books?action=resource&bcsId=6542&itemId=0470533021&resourceId=25566
www.wiley.com/college/meredith
student companion site, appendices, creativity & idea generation
www.thebrain.com
http://www.mind-mapping.co.uk/make-mind-map.htm
R-3
Low
Medium
Impact
High
R-4
Low
Medium
Probability
High
Threat
1
2
3
4
5
Name
Severity, S
6
8
4
3
4
Likelihood,L
7
5
8
2
2
AbilityToDetect, D
2
4
5
6
7
RPN
84
160
160
36
56
Severity of the impact, S, 1=no effect, 10=very severe effect
Likelihood of the threat occurring, L, 1=remote very unlikely, 10=almost certain
Ability to Detect, D, 1=detectability is almost certain, 10=failure will not be detected in time to avoid or mitigate
RPN=Risk Priority Number
R-5
We can also use other techniques (MC simulation,
decision trees, . . .) to see possible effects of various
time and cost estimates.
R-6
• Avoid
• Transfer
• Mitigate
• Accept
R-7
Warehouse Software Implementation Project
• Divide into small groups
• Read about the project
• Develop a list of five (5) project threats or threat areas
• A – Construct a risk matrix
• B – Construct a FMEA table
Discuss and explain.
R-8