Managing Project Risk

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Notes Managing Project Risk Execute Risk Strategies Inputs Tools Project plan Risk management plan Risk list Approved change requests Work performance information Performance requests Technical performance measurement Status reports and meetings Early warning system © ESI August 2007 dhy01-01.ppt 1-56 © ESI August 2007 dhy01-01.ppt 1-56
Notes Managing Project Risk Risk Execution Terms Problem—A negative risk event, either known or unknown, that materializes Windfall—A positive risk event, either known or unknown, that materializes Workaround—A response, not defined in advance, to a negative risk event that has materialized Corrective action—Performing the response to a negative risk event, either planned or unplanned, when the threat materializes © ESI August 2007 dhy01-01.ppt 1-57 © ESI August 2007 dhy01-01.ppt 1-57
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