Refers to the combination of the possibility and consequences of a specific dangerous situation.

1. The objectivity and universality of existence.

2. The contingency of a specific risk.

3. The inevitability of a large number of risks.

4. Variability of risk.

5. Diversity and multi-level risk.

1. Randomness

2. Relativity

3. Variability

Minimize the negative impact of risks on project goals, seize the opportunities brought by risks, and increase the benefits of project stakeholders.

Classification by risk consequences

Classification by risk source

By risk manageability

by predictability

1. Preparation of risk management plan

2. Risk identification

3. Qualitative risk analysis

4. Quantitative risk analysis

5.Preparation of risk response plan

6. Risk monitoring

Definition: Used to determine the activities planned and arranged for project risk management, which is the primary task of project risk management.

Identify existing risks to clarify the factors that pose threats to the project so as to formulate plans and strategies to avoid and reduce risks.

An assessment process that identifies the likelihood and impact of risks, prioritizing potential impacts on project objectives and laying the foundation for quantitative risk analysis.

The qualitative risk analysis process requires the use of the results of the risk management planning process and the risk identification process. After the qualitative risk analysis process is completed, you can enter the quantitative risk analysis process or directly enter the risk response planning process.

After qualitative risk analysis, in order to further understand how likely the risk is to occur and how serious the consequences are, quantitative analysis is needed to analyze the degree of overall analysis of the project.

Common: mitigation, prevention, transfer, avoidance, acceptance and backup measures, etc.

For each risk, the strategy or combination of strategies that is most likely to produce an effect should be selected, and the most appropriate response method should be selected through risk analysis tools (such as decision tree analysis methods).

environmental and organizational factors

organizational process assets

project scope statement

Project Charter

project management plan

Formulation: usually in the form of a meeting.

Introduction

Risk summary

risk management tasks

Organization and Responsibilities

Budget

Tools and techniques

Risk items to be managed, etc.

risk checklist approach

Risk Management Form

Risk database schema

Determine the sources of risks, the conditions that generate them, describe their risk characteristics, determine which risk events may affect the project, and record them in documents.

Identify and determine potential project risks.

Identify the main factors causing these risks.

Identify possible consequences of risks.

Everyone participates

Systematic

Dynamic

information dependence

Document review

information collection technology

checklist

What-if analysis

Illustration technology, etc.

Risk probability and impact assessment

Probability and Impact Matrix

Tracking of the top ten risk matters

Risk data quality analysis

Risk classification

Risk Urgency Assessment

Risk probability refers to the possibility of risk occurring

Impact assessment is the impact that a risk will have on project objectives once it occurs.

Target specific risk events, not the entire project.

Probability and consequence analysis helps identify risks that need priority management.

It can be described in qualitative terms such as extremely high, high, medium, low, and very low.

A risk rating matrix that combines probability and impact scaling.

High probability and high impact risks may require further analysis, including quantitative and active risk management.

When assessing risk levels, each risk must have its own matrix and risk scale.

Frequently used qualitative risk analysis tool. Maintain risk awareness throughout the project.

The management department regularly reviews the most significant risk items of the project together with users, summarizing the risk source status, ranking changes, the number of times the list appears within a period of time, and a summary of the progress made in solving this risk during the last review.

Qualitative risk analysis needs to be credible, using accurate and unbiased data.

A technique for assessing the usefulness of data about risk to risk management.

This includes checking how well people understand the risks, as well as the accuracy, quality, reliability and completeness of risk data.

Classify project risks by source of risk (using a risk breakdown structure), affected project areas (using a work breakdown structure), or other classification criteria (such as project phase) to identify the project areas most affected by uncertainty.

Segmenting risks based on common root causes helps develop effective risk responses.

Risks that require response measures in the near future;

The time required to implement risk measures, risk signs, warnings and risk levels can all be used as indicators to determine risk priority or urgency.

Risks that are ranked first in the qualitative risk analysis process as having a significant impact on project requirements are analyzed and assigned a numerical value to the risks.

It is a quantitative method for making decisions under uncertainty, using technologies such as Monte Carlo simulation and decision tree analysis.

1. EMV

2. Calculate analysis factors

3. PERT

4. Monte Carlo analysis

It refers to avoiding risks by changing the project when the potential threat of project risks is extremely likely and will bring serious consequences, which cannot be transferred and cannot be tolerated.

The most frequently used method in projects is to transfer project risks to third parties through means such as partners, project outsourcing and guarantees.

Mitigate risks by means of mitigation or prediction, reduce the possibility of risk occurrence or reduce the impact and scope of adverse consequences after the risk occurs, and try to reduce the probability or consequences of adverse risk events to an acceptable critical value.

If an organization wants to ensure that opportunities are realized, it can adopt a pioneering strategy for risks that have a positive impact.

The goal is to eliminate the uncertainty associated with a specific positive risk by ensuring that the opportunity is certain to materialize.

Positive risk sharing refers to the allocation of responsibility for risks to third parties who have the best opportunity to obtain benefits for the project, including establishing risk sharing partnerships.

Enhancement strategy: Aims at changing the “size” of opportunities by identifying and maximizing the drivers of positive risks by increasing their probability or their positive impact.