3360 unit 10.5 2014-i-01
TRANSCRIPT
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ENGR 3360U Winter 2014
Unit 10.5-6
Planning and Controlling Risk
Dr. J. Michael Bennett, P. Eng., PMP,
UOIT,
Version 2014-I-01
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C$ange Re!ord
2014-%-01 %nitial Creation
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10.5 Planning and Controlling Risks
W$at is +lanning,
%s it " Risk, assign res+onsi/ilit
W$at !an % do, a++roa!$o "!$ and W$at, s!o+e and a!tions
et "itigation !onsiderations
Gidelines and ti+s
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.1 trategies or Risk 7$reats
89oid
7ranser
"itigate
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:/e!ti9es o t$e P;8N
%' risks sor!es and !onse
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W$ose Risk % it,
3 o+tions
1 kee+ t$e risk
2 delegate t$e risk it$in t$e organi=ation3 transer it otside
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?@s to 8sk
W$o !old sol9e t$is risk,
W$o $as t$e +oer to allo!ate resor!es,
W$o !an /e $eld a!!onta/le or t$is risk,W$o $as t$e ti#e to #anage t$is risk,
W$o $as t$e o++ortnit to take a!tion,
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Bee+ t$e Risk
Retain a!!onta/ilit* res+onsi/ilit*
at$orit
o $a9e resor!es* knoledge* +osition to#anage risk
o a++ro9e all risk a!tions
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'elegate
o retain a!!onta/ilit* assign
res+onsi/ilit and at$orit
o #anage t$e risk
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7ranser
o assign a!!onta/ilit* res+onsi/ilit*
at$orit
7$ird +art no a!!e+ts t$e risk
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W$at to do,
% o do not kno enog$ a/ot t$is risk
to de!ide* research
Can o li9e it$ t$e risk, 8!!e+t
NoD !an % mitigate? NoD tra!k t$e risk
esD de9elo+ a #itigation +lan
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Clling Risks
8ll risks !annot /e +lanned si#ltaneosl.
Plan in order o i#+ortant at this time
What is important now to the project, client, user,management? Is the project facing critical milestones? What limits, constraints does the project have? What milestones are fixed, flexible? What resources are available for mitigation? How does this risk factor into the overall project
concerns?
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Range o "itigation 8++roa!$es
1 Resear!$
2 8!!e+t
3 "itigate4 7ra!k
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"itigation !o+e
o#e ?estions or "itigation
o !o#+le ill t$e #itigation /e,
o ill it /e do!#ented,W$at is t$e strateg,
W$at are t$e tasks,
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8!tion %te#,
Risk state#ent
"itigation goal #easres
Res+onsi/le +erson8!tion ite#s
'e dates and !losing dates
Contingen! a!tion and triggers
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or 7ask Plan,
Risk state#ent
"itigation goal #easres
Res+onsi/le +ersonsRelated risks
'e date or task +lan !o#+letion
'e dates and !losing dates
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7ask Plan !ont.
C$osen strategies
+e!ii! a!tions
)dget!$edle "P
Risk tra!king indi!ators* t$res$olds*
re+orting re
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Risk R:%
Rle o 7$#/ do not s+end #ore t$an
10F on #itigation
U 10 P R "
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et "itigation Considerations
7r to !olle!t related risks into a set
!an /eneit ro# !oordinated #itigation
a9oid +ossi/l !onli!ting goalsin!rease !ost-ee!ti9eness
U 10 P R "
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ints
%' s+e!ii!* i#+le#enta/le a!tions $i!$
ill +ree#+t +ro/le#s
Create t$e desired rt$er state%ntegrate R""P it$ +roe!t +lans
Co##ni!ate #itigation +lans to all
ae!ted +ersonnel'o not lose sig$t o t$e end +rod!t
U t 10 P t R " t
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.2 trategies or Risk :++ortnities
E+loit
$are
En$an!e
U t 10 P t R " t
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.3 trategies or 7$reats and :++ortnities
8!!e+tan!e
U t 10 P t R " t
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.4 Contingent Res+onse trateg
Will $a++en onl i +redeined !onditions o!!r
E9ents t$at !an trigger t$e !ontingen! #st /e
deined and tra!ked
U t 10 P t R " t
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10.6 Risk "onitoring and Control
10.6.1 %n+ts 10.6.3 :t+t
.1 Risk "anage#ent Plan .1 Risk Register U+dates
.2 Risk Register .2 Re
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.2 Risk Reassess#ent
Risks are te#+oral
Constantl /eing reassessed
8t +roe!t #eetings or ea#+le
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Risk 7ra!king
tarts as soon as R"P is done
Galis$ in t$at its 3 o/e!ti9es areD
1. to assess $et$er a risk does o!!r
2. to ensre t$at t$e risk a9ersion ste+s deined in t$e R""P are +ro+erl a++lied
and
3. to !olle!t inor#ation or t$e data/ase
t$is is a )%G o/
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:r Risk Paradig#
Control
%denti
?H? 8nal=e
Plan
7ra!k
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10.6 Controlling Risks
1. 8nal=ing
2. 'e!iding
3. Ee!ting
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.2 Risk 8dits
Ior#al !$e!ks / #anage#ent to ensre
t$at +ro+er risking is o!!rring
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8nal=ing 7ra!king 'ata
Case and ee!t 8nalsis
Cost-)eneit 8nalsis
"itigation tats re+ortsPER7 C$arts
+reads$eet Risk 7ra!king
to+lig$t C$art
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2 'e!iding
7$ere are 4 o+tions
1 re+lan
2 !lose t$e risk
3 in9oke a !ontingen! +lan
4 !ontining tra!king
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3 Ee!ting
%#+le#ent t$e !ontrol de!isions
#a de!ide to !lose ot t$e risks
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.5 Reser9e 8nalsis
We !o#+are #itigation !osts against
re#aining reser9es
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7$e End o Risk
'eat$
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'il/ert@s Risk J ;:;