Scribd Logo
Upload

Welcome to Scribd!

  • 191 views

    Risk Analysis and Assessment

    Uploaded by

    Bijay Agrawal
    This document discusses risk analysis and assessment. It defines risk analysis as a process that identifies risks to help organizations meet objectives and protect resources cost-effectively. The document outlines the steps in risk analysis, the risk assessment cycle, differences between qualitative and quantitative risk analysis methods, and how to identify schedule and resource risks. Key points covered include the five categories that can impact project duration, and how to recognize essential skills, insufficient resources, outsourcing risks, and expected costs to identify resource risks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Risk Analysis and Assessment

    Uploaded by

    Bijay Agrawal
    191 views12 pages
    This document discusses risk analysis and assessment. It defines risk analysis as a process that identifies risks to help organizations meet objectives and protect resources cost-effectively. The document outlines the steps in risk analysis, the risk assessment cycle, differences between qualitative and quantitative risk analysis methods, and how to identify schedule and resource risks. Key points covered include the five categories that can impact project duration, and how to recognize essential skills, insufficient resources, outsourcing risks, and expected costs to identify resource risks.

    Original Description:

    Risk Analysis and Assessment

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses risk analysis and assessment. It defines risk analysis as a process that identifies risks to help organizations meet objectives and protect resources cost-effectively. The document outlines the steps in risk analysis, the risk assessment cycle, differences between qualitative and quantitative risk analysis methods, and how to identify schedule and resource risks. Key points covered include the five categories that can impact project duration, and how to recognize essential skills, insufficient resources, outsourcing risks, and expected costs to identify resource risks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    191 views12 pages

    Risk Analysis and Assessment

    Uploaded by

    Bijay Agrawal
    This document discusses risk analysis and assessment. It defines risk analysis as a process that identifies risks to help organizations meet objectives and protect resources cost-effectively. The document outlines the steps in risk analysis, the risk assessment cycle, differences between qualitative and quantitative risk analysis methods, and how to identify schedule and resource risks. Key points covered include the five categories that can impact project duration, and how to recognize essential skills, insufficient resources, outsourcing risks, and expected costs to identify resource risks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 12

    Unit-5 Risk Analysis and Assessment

    Program Semester Subject Code Subject Name Unit number Unit Title Lecture Number Lecture Title

    : MBA : IV : PM0016 : Project Risk Management :5 : Risk Analysis and Assessment :5 : Risk Analysis and Assessment

    HOME

    C onfidential NEXT

    Unit-5 Risk Analysis and Assessment

    Risk Analysis and Assessment

    Objectives :
    To define risk analysis and its types To explain the steps involved in performing risk analysis. To explain the risk assessment cycle To differentiate between the types of risks To determine the key ideas to identify the schedule risks and resource risks.

    2
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Lecture Outline
    Introduction Steps in Risk Analysis Risk Assessment Cycle Difference between Quantitative and Qualitative Method of risk Analysis

    Key Ideas for Identifying Schedule and Resource


    risks Summary

    Check Your Learning


    Activity
    3
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Introduction

    Risk management is defined as a process that helps to meet the objectives of the business and to protect the resources of the organisation in a cost effective way.

    It helps to recognise an ideal security system for the organisation or business environment.

    It identifies various threats and their levels. Risk analysis and risk assessment process enables an organisation to make clear decisions.
    4
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Steps in Risk Analysis

    5
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Risk Assessment Cycle

    6
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Difference between Quantitative and Qualitative Methods


    Quantitative Scientific studies and measurements Comparison of results with limit values Difficult to reach consensus Necessary to quantify the threat frequency Qualitative Semi-scientific or non-scientific Judgement decisions Easier to reach consensus Not necessary to quantify the threat frequency

    No biasing decisions

    Professional and personal experience biases.

    7
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Key Ideas for Identifying Schedule Risks


    Estimated schedule risk must be investigated to know the sources of estimates and identify the high-risk dependencies. It impacts the

    project duration.
    The five categories that affects the project durations are: Project Dependencies

    Parts Delays
    Estimation errors Decision Delay Hardware Delay

    8
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Key Ideas for Identifying Resource Risks


    The resource risks effects the project development. Resource risks can be identified by: Recognising essential skills to complete the project. Determining the activities where there are insufficient resources and undependable resource estimates.

    Documenting all outsourcing risks.


    Determining the expected project costs.

    9
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Summary

    Risk management helps to meet the business objectives and risk analysis helps to recognise

    an ideal security system for the organisation.


    In this unit we have discussed the steps of risk analysis and the stages of risk assessment cycle. We have also discussed about the qualitative and quantitative methods of risk analysis.

    10
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Check Your Learning

    1.

    Define Risk Management. objectives of the business and to protect the resources of the organisation in a cost effective way.

    Ans:Risk management is defined as a process that helps to meet the

    2. List any one difference between Qualitative and Quantitative methods


    of risk analysis. Ans: The difference is: Qualitative method: Easier to reach consensus

    Quantitative method: Difficult to reach consensus.

    11
    PREVIOUS HOME
    CNEXT onfidential

    Unit-5 Risk Analysis and Assessment

    Activity

    Assume that you are a Project manager of a networking team and the team consists of eight members. The project undertaken involves providing network support for eight branches of an organisation across

    the world.
    Identify the potential risks for the planned project and complete a qualitative risk analysis for each specific risk you have identified

    12
    PREVIOUS HOME
    Confidential

    You might also like