Information System Project Manager-Risk Management Knowledge Point _ Information System Project Management Division

Project Risk Management

Project risk is an uncertain event or condition that, when it occurs, has a positive or negative impact on the project's objectives, when an event, activity, or project has a loss or income associated with it, it involves a certain probability or uncertainty and involves a certain choice, which is called risk, and each of the above three is a necessary condition for the definition of risk.

An event with uncertainty is not necessarily a risk.

Project risk includes both the threat to project objectives and the opportunity to promote project objectives, and the risk stems from uncertainties in all projects.

Risk attributes: Randomness, relativity, variability.

The coping strategies of negative risk: avoiding, transferring and alleviating.

The coping strategies of Positive risk: pioneering, sharing and strong.

The cost of the risk includes the loss or reduced benefit caused by the risk event and the cost of taking precautions to prevent the occurrence of the risk event.

Risk costs include tangible costs, intangible costs, and the cost of preventing and controlling risks.

In general, risk management is necessary only when the adverse consequences of a risk event outweigh the costs incurred for risk management.

Information System Project main risk: Demand risk, technology risk, team risk, key personnel risk, budget risk, scope risk.

The main contents of project risk identification include:

1, identify and identify the potential risks of the project, and organize a summary of the project risk list

2, identify the main factors that cause these risks, analyze the impact of these factors on the occurrence and development of the project risk, influence direction, influence intensity, etc.

3. Identify possible outcomes of project risks: Analyze the possible consequences of project risks and the severity of such consequences.

4, risk identification can be used in document review, information collection technology, checklist analysis, hypothesis analysis, graphic analysis and other methods

5. The result of risk analysis is the list of risks recorded in the risk register

Project risk management includes six management processes:

1. Risk management planning: Decide how to handle, plan and implement the risk management activities of the project

2. Risk identification: Determine which risks affect the project and document the attributes of these risks

3. Qualitative risk analysis: Prioritize the risk of the project

4. Quantitative risk analysis: Measuring the probability and results of risk occurrence and assessing their impact on project objectives

5. Risk response Planning: Develop solutions and measures to improve the chances of project success and reduce the threat of project failure

6. Risk monitoring: monitor residual risks, identify new risks, implement risk response plans, and evaluate the effectiveness of these efforts throughout the project lifecycle