Project Manager's Spotlight on Risk Management

Foreword ix Acknowledgments x Introduction xiii Chapter 1: What Is Risk Management? 1 Defining Risk 1 Purpose of Risk Management 6 A Practical Risk Management Approach 12 Communication Is the Key 20 Case Study 26 Chapter 2: Identifying and Documenting Risks 29 Identifying Risks 29 Common Risks 34 Where to Look 40 How to Look for Risk 45 Documenting Project Risk 53 Case Study 58 Chapter 3: Why Projects Fail--More Risks and How You CanPrevent Them 61 The PMINO Syndrome 61 Absentee Sponsor 70 Disengaged Teams 80 Case Study 91 Chapter 4: Preventing Scope and Schedule Risks 95 Scope Risk 95 Schedule Risks 108 Change Management 118 Case Study 120 Chapter 5: Analyzing and Prioritizing Risks 123 Qualitative Risk Analysis 123 Quantitative Risk Analysis 136 The Analysis Method of Choice 142 Listing and Ranking Project Risk 142 Case Study 146 Chapter 6: Defining Risk Response Plans 149 Risk Response Planning 149 Risk Response Techniques 153 Developing Risk Response Plans 160 Planning for the Unknown 164 Case Study 169 Chapter 7: Implementing and Monitoring Risk Response Plans171 Monitoring and Control 171 Implementing Response Plans 177 Risk Audits 185 Case Study 189 Appendix A: Nine Knowledge Areas Refresher 191 Project Management Process Groups 191 Project Management Knowledge Areas 197 Appendix B: Risk Management Templates 203 Glossary 211 Index 217