how to generate and scan barcode in asp net using c# 11: Project Risk Management in Software

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11: Project Risk Management
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Plan Risk Management Data Flow
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When planning for risk and how to manage it on your project, it is best to start with a documented risk management plan The plan should include the interaction and dependencies across the various knowledge areas, people, departments, and organizations to ensure a clear picture of how you plan to identify, analyze, and manage risk on your project To get a better look at the way data should flow and the various inputs into the Plan Risk Management process, see Figure 11-1 (note that the box numbers tie to the PMBOK)
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Plan Risk Management Inputs, Tools and Techniques, and Outputs
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You have a large number of inputs to consider during the Plan Risk Management process, but only one tool and technique and a single output You may recall that inputs to a process are usually the outputs from the previous process, so a common thread exists between processes This should help you when it comes time to study for the exam
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Inputs As important as inputs are for any process to be successful, inputs to risk management are essential Note that in the case of risk management, there are inputs to the overall process as well as to each internal process For example, historical information and
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Project Risk Management 52 Define Scope (Scope statement) 111 Plan Risk Management
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60 Project Time Management (Schedule plan) 70 Project Cost Management (Cost plan) 102 Plan Communications (Communications plan) Enterprise/ Organization (Assets/Factors) 112 Identify Risks
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*Risk management plan
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42 Develop Project Management Plan
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114 Perform Quantitative Risk Analysis
113 Perform Qualitative Risk Analysis
115 Plan Risk Responses
Figure 11-1 Plan Risk Management data flow (*output is the risk management plan)
PMP Certification: A Beginner s Guide
lessons learned from previous projects are needed inputs to the overall risk management process They should be reviewed prior to beginning the specific project planning process Remember that inputs should answer the following question: What information, data, and resources do I need before I can begin this project (or process) All current and previous plans for the project should be considered when planning for risk management Here s the list of inputs for this process:
Scope statement Cost management plan Schedule management plan Communications plan Enterprise environmental factors, including attitude toward risk, tolerances, and the degree of risk (thresholds) the team or organization can accept Organization process assets (risk categories specific to the project, common definitions, templates, standards, concepts, and terms (potential penalties) of the contract)
Tools and Techniques The only tool and technique for this process is planning meetings and analysis This includes determining the frequency and format of meetings and when they should occur The team comes together to share ideas about what could go wrong on the project, the probability of risk happening, and the potential impact if or when the risk occurs (analysis) Outputs As you should recall outputs are the deliverables (finished products or results) of the process Outputs in all cases should answer the question, What should we have when the process is complete The only output for this process is the risk management plan itself, which includes a number of components Here are just a few:
Methodology Defines the approach your team plans to take in managing risk, including risk scoring, tracking tools, and other data sources used in performing risk management on your project Roles and responsibilities Defines who the key team members are for risk identification and analysis as well as risk owners for each identified risk in the plan Budget The approved cost management plan and baseline, risk contingency reserves, and so on Timing Describes when and how often risk review meetings and such should occur
11: Project Risk Management
Risk categories This can be a simple or detailed list of risks by category that you and your team select to document and track risks A great way to do this is by using a Risk Breakdown Structure (RBS) to show risks by category or source A sample RBS is shown in Figure 11-2 Risk analysis This can be by category and high-level at first or it can be detailed by work package; in either case it s designed to show the risk, probability, and impact A matrix usually works best, and you can use a numbering system (1 10) or rating system (high, medium, low) to show the level of risk in a particular area in the matrix (A sample matrix is shown later in this chapter in Table 11-2) Revised stakeholder tolerances As you work through this process, you learn more about the stakeholder tolerances, so you may need to revise the plan accordingly Reporting formats How the outcomes of the process will be captured and documented for use in the analysis and ultimately communication of the risk management plan Tracking How the risk activities will be tracked and recorded This also shows how the results will be used for future projects (lessons learned, record-retention media, location, duration to store data, and how data is retrieved)
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