Title: Class Outline 20
Course: KVCC BUS208 > Section: Class Outlines

1.      Exam Review

2.      News Item

3.      Risks - Uncertain event or connection that if occurs has a positive or negative effect on the project objectives

4.      Risk Management

a.      Process

i.           Risk Event Graph

ii.           Steps in the process

b.      Step 1 Risk Identification

i.           Brainstorming

ii.           Risk Breakdown Structure

iii.           Risk Profile

iv.           Other sources of information

c.      Step 2 Risk Assessment

i.           Scenario Analysis

1.      Probability of event

2.      Impact of event

3.      Impact Scale

4.      Risk Assessment Form

5.      Risk Severity Matrix

a.      Impact x Probability x Detection = Risk Value

ii.           Probability Analysis

1.      PERT

d.      Step 3 Risk Response

i.           Mitigating

ii.           Avoiding

iii.           Transferring

iv.           Retaining

Attached Files: | - KVCC BUS208_ProjectMgmt_Outline 20.pdf