RISK IDENTIFICATION is the process of determining which risks might affect the project. Characteristics of each anticipated risk are documented. The PMP exam will cover this topic in testing.
RISK IDENTIFICATION IS AN ITERATIVE PROCESS because new risks become known as the project progresses. The project manager Authentic George Kittle Jersey , project team members, the risk management team and experts, outside customers, end-users, stakeholders, and other project managers are responsible for identifying risks. However Authentic Jimmy Garoppolo Jersey , all project personnel should be encouraged to identify risks. PMP Exam Preparation should include examples of this.
UNCERTAINTY found in project assumptions should be evaluated as a potential cause of risk.
IDENTIFIED RISKS are those that are known and not surprising, as well as root causes that are known. Assumptions about how these impact the project objectives or ultimate outcome may be uncertain. They can be planned for. ROOT CAUSES of risk are those fundamental conditions that give rise to an identified risk.
ENTERPRISE ENVIRONMENTAL FACTOR INPUTS USED IN RISK IDENTIFICATION include published information such as commercial databases, academic studies, benchmarking, and industry studies that help identify risks.
ORGANIZATIONAL PROCESS ASSET INPUTS USED IN RISK IDENTIFICATION include information from previous project files, as well as lessons learned and actual data.
KEY RISK MANAGEMENT PLAN INPUTS which contribute to the risk identification process include: roles and responsibilities Authentic Jerry Rice Jersey , provisions for risk management activities in the budget and schedule, and categories of risk. These are expressed in an RBS.
TOOLS & TECHNIQUES USED IN IDENTIFYING RISK:
STRUCTURE DOCUMENTATION REVIEWS can provide risk information. The quality of the plans and consistency between those plans and project requirements and assumptions can indicate risks for the project.
BRAINSTORMING is an information gathering technique that involves a multidisciplinary set of experts, not on the team, who develop a comprehensive list of project risks. The brainstorming group uses categories of risk, such as a risk breakdown structure (RBS), as a framework for identifying risks. Risks are then categorized by type of risk.
CHECKLIST ANALYSIS consists of developed risk identification checklists based on historical information and knowledge accumulated from past similar projects. The lowest level RBS may be used as a risk checklist.
A tool that identifies project risks based on inaccuracies Authentic Joe Montana Jersey , inconsistencies, or incompleteness, is ASSUMPTION ANALYSIS. It explores the validity of assumptions as they apply to the project.
RISK DIAGRAMMING TECHNIQUES include:
system or process flowcharts
cause-and-effect diagrams
influence diagrams
SYSTEM OR PROCESS FLOWCHARTS show how elements of a system interrelate and the mechanism of causation, as well as interrelations that can cause risks.
ISHIKAWA OR FISHBONE DIAGRAMS are skeletal diagrams that are useful for identifying causes of risks.
Sarah Ryan - About Author: For more information on PMP Exam, PMP Exam Preparation, PMP Prep Course. Please visit:
WHAT IS "GUERRILLA P.R." ANYWAY? Marketing Articles | September 10 Mitch Wishnowsky Jersey , 2004 If you're going to apply the principles of Guerrilla P.R. to the age of the Internet, you have to know something about Guerrilla P.R. itself. in case you have not worn out a copy of Guerrilla P.R. or ...
If you're going to apply the principles of Guerrilla P.R. to the age of the Internet, you have to know something about Guerrilla P.R. itself. in case you have not worn out a copy of Guerrilla P.R. or have forgotten some of the finer points since that book was published in 1993, let's take a fresh look at the concept. After all, the world has changed.
Public relations is the art, as one of my colleagues put it Jalen Hurd Jersey , of "offering people reasons to persuade themselves." In other words, we are not Madison Avenue; we don't tell people what we want them to think. Rather, we give them evidence, facts, and opinions that help them reach a conclusion. If we're good at what we do, they will reach the conclusion we've been hired to promote.
The differences between traditional public relations and Guerrilla P.R. are relatively simple. First of all Deebo Samuel Jersey , public relations firms like mine are available to people with a lot of money, because we charge what we consider to be reasonable fees, which are out of reach of many small or one-person businesses. So entrepreneurs and small business owners need to learn and apply the same skills I use every day in service of their larger, more well-heeled rivals. But these skills can't be used the same way, since they require more money than most small businesses can afford. Not everyone can buy a minute of time on network TV to get the message across.
That's where Guerrilla P.R. comes in. This down-and-dirty offspring of the traditional method is based on an idea I developed called the Tiffany Theory. The Tiffany Theory is an idea that sounds simple but, like most such theories Nick Bosa Jersey , is so basic it contains numerous truths.
My Tiffany Theory states that a gift delivered in a box from Tiffany's will have a higher perceived value than one in no box or a plain box. That's not because the recipient is a fool; it's because in our society, we gift-wrap everything: our politicians, our corporate heads, our movie and TV stars, and even our toilet paper. Tiffany paper places a higher perceived value on things.