PMPPreparationTrainingRiskManagementRiskManagementChapter11Source:PMBOKGuide2000Version©2002Robbins-Gioia,Inc.11-2RiskManagementRiskManagementRiskManagementPlanningRiskIdentificationQualitativeRiskAnalysisQuantificationRiskAnalysisRiskResponsePlanningRiskMonitoring&ControlRiskManagementPlanningRiskIdentificationQualitativeRiskAnalysisQuantificationRiskAnalysisRiskResponsePlanningRiskMonitoring&ControlProcessesrequiredtoeffectivelyidentify,analyze,andrespondtoprojectrisksSource:PMBOKGuide2000Version©2002Robbins-Gioia,Inc.11-3RiskManagement11.2RiskIdentificationPlanning11.5RiskResponsePlanning11.4RiskMonitoring&ControlControlling11.3RiskQualitativeAnalysis11.1RiskManagementPlanning11.4RiskQuantitativeAnalysisSource:PMBOKGuide2000Version©2002Robbins-Gioia,Inc.11-4IntroductionRisk–EventsorconsequencesthathavetheprobabilityofoccurringduringaprojectandthataremeasuredbytheirimpactsontheprojectComponentsRiskeventRiskeventprobabilityRiskoutcomeorconsequence(Amountatstake)Riskeventstatus(Probabilityxamountatstake)Source:PMBOKGuide2000Version©2002Robbins-Gioia,Inc.11-5ProjectRiskManagementProjectRiskManagementProcessesforidentifying,analyzing,andrespondingtoprojectrisk.Itincludesmaximizingtheprobabilityandtheresultsofpositiveevents(opportunities)andminimizingtheprobabilityandconsequencesofadverseevents(risks).Processesforidentifying,analyzing,andrespondingtoprojectrisk.Itincludesmaximizingtheprobabilityandtheresultsofpositiveevents(opportunities)andminimizingtheprobabilityandconsequencesofadverseevents(risks).Source:PMBOKGuide2000Version©2002Robbins-Gioia,Inc.11-6ProjectRiskLifeCycleRiskvariesthroughoutthelifecycleRiskishighintheconceptanddevelopmentphases,decreasingasworkisaccomplishedAmountatstakeislowintheearlyphasesandincreasesasworkisaccomplishedTheareaofoverlapisknownasthehigh-riskimpactareaSource:PMBOKGuide2000Version©2002Robbins-Gioia,Inc.11-7RiskManagementPlanningRiskManagementPlanningDecidinghowtoapproachandplantheriskmanagementactivitie...