April 2010
Intermediate to advanced
272 pages
5h 23m
English
book
The Project Management Tool Kit: 100 Tips and Techniques for Getting the Job Done Right
by Tom Kendrick
Content preview from The Project Management Tool Kit: 100 Tips and Techniques for Getting the Job Done Right
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RISK PROCESS69Qualitative Risk Analysis (PMBOK® 11.3, Perform Qualitative Risk Analysis)
What: |
Assessing and prioritizing known project risks. |
When: |
Project planning, execution, and control. |
Results: |
Identification of the most severe project risks, based on relative probability and project impact. |
Understand Risk Assessment
Risk analysis involves using the processes defined in the project risk-management planning on each of the risks listed as a result of risk identification. All assessment of risk depends on determining risk probability and risk impact. Qualitative analysis combines range estimates of these two factors to prioritize project risks. Quantitative risk analysis depends on numerical estimates to determine the precise consequences ...
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