Risk Management Processes

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Risk Management Processes by Mind Map: Risk Management Processes

1. 1. Risk Management Planning

1.1. Methodology

1.2. Roles and Responsibilities

1.3. Budgeting

1.4. Timing

1.5. Reporting formats

1.6. Tracking

2. 6. Risk Response Planning

3. 5. Quantitative Risk Analysis

3.1. Definition

3.2. Tools and Techniques

3.2.1. Sensitivity Analysis

3.2.2. Scenario Analysis

3.2.3. Probability Analysis

3.2.4. Expected Value

3.2.5. Decision Tree Analysis

3.2.6. Fault Tree Analysis

3.2.7. PERT

3.2.8. Mont Carlo Simulation

3.2.9. Expert Systems (Artificial Intelligence)

4. 2. Establishing the context

4.1. Inputs

4.1.1. Key Project Documents

4.2. Approach

4.2.1. Review Organizational and Project Documentation

4.2.2. Perform Stakeholders Analysis

4.2.3. Develop Criteria For Success

4.2.3.1. Criteria measures

4.2.3.1.1. Cost

4.2.3.1.2. Quality

4.2.3.1.3. Time

4.2.4. Develop a Set of Key Elements

4.3. Outputs

4.3.1. Organizational and Project objectives

4.3.2. Specific Criteria For Success

4.3.3. Objectives and scope for the Risk Assessment

4.3.4. Develop a Set of Key Elements for Structuring Risk Identification

5. 3. Risk Identification

5.1. Definition

5.2. Project Goals and Sources of Information

5.3. Techniques

5.3.1. Documentation Reviews

5.3.2. Information Gathering Techniques

5.3.2.1. Brainstorming

5.3.2.2. Delphi Technique (Smart questionnaire)

5.3.2.3. Interviewing

5.3.2.4. Root Cause Identification

5.3.3. Checklist analysis

5.3.4. Assumption analysis

5.3.5. Diagramming techniques

5.3.5.1. Cause-and-effect diagrams

5.3.5.2. System or process flow charts

5.3.5.3. Influence diagrams

5.4. Output

6. 4. Qualitative Risk Analysis

6.1. Definition

6.2. Techniques

6.2.1. Historical Information

6.2.2. Techniques used with Risk Identification

6.2.2.1. Information Gathering Techniques

6.2.2.1.1. Brainstorming

6.2.2.1.2. Delphi Technique (Smart questionnaire)

6.2.2.1.3. Interviewing

6.2.2.1.4. Root Cause Identification

6.2.2.2. Diagramming techniques

6.2.2.2.1. Cause-and-effect diagrams

6.2.2.2.2. System or process flow charts

6.2.2.2.3. Influence diagrams

6.2.3. Matrix Method

6.3. Semi-Quantitative Risk Analysis

6.4. Output

7. 7. Risk Monitoring and control