Title: Class Outline 21
Course: KVCC BUS208 > Section: Class Outlines

a.      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

b.      Step 3 Risk Response

i.           Mitigating

ii.           Avoiding

iii.           Transferring

iv.           Retaining

c.      Contingency Planning

i.           Answers what, where, when , and how much action will take place

ii.           Conditions

d.      Risk Handling

i.           Everest Sidebar

ii.           Technical Risks

1.      Qatar Sidebar

iii.           Schedule Risks

iv.           Cost Risks

v.           Funding Risk

e.      Opportunity Management

i.           Exploit

ii.           Share

iii.           Enhance

iv.           Accept

f.       Contingency Funding and time Buffers

i.           1 - 10 on similar

ii.           20 - 60 on uncommon or new

iii.           Budget Reserves

iv.           Management Reserves

v.           Time Buffers

g.      Risk Response Control

i.           Risk Register

h.      Change Control Management

i.           Scope

ii.           Implementation

iii.           Improvement

Attached Files: | - KVCC BUS208_ProjectMgmt_Outline 21.pdf