8 

Planning for Risk

image

Learning Objectives

By the end of this chapter, you will be able to:

•  Define risk, risk management, residual and secondary risk, business and insurance risk, opportunity and threat, and the steps in a risk management process.

•  Apply the concept of risk tolerance to both level of risk and category of risk.

•  Conduct a risk identification process using document analysis, interviews, assumption analysis, and other techniques.

•  Cite the fundamental formula of risk management (R=PxI), and apply it using decision tree analysis, risk buckets, and filtering.

•  Develop risk response solutions using eight different techniques. ...

Get Managing Multiple Projects now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.