apm competence framework - Association for Project Management

APM Competence Framework
2.5 PROJECT RISK MANAGEMENT
Technical competence domain
TC05
PROJECT RISK MANAGEMENT
Definition
Project risk management is a structured process that allows individual risk events and overall project risk to be
understood and managed proactively, optimising project success by minimising threats and maximising opportunities.
Indicators K E
1
Identifies and assesses risks (threats and opportunities) (using qualitative and
quantitative techniques), including any assumptions and prepares a risk log.
2
Develops a risk (threat and opportunity) response plan, assigns ownership, and
has it approved by the relevant body and communicated.
3
Identifies and undertakes response actions and formulates contingency plans as
appropriate.
4
Assesses the probability of achieving time, cost and quality objectives throughout
the project.
5
Continuously identifies new risks, reassesses risks, plans responses, modifies the
project plan and updates the risk log.
6 Facilitates risk workshops.
Total score for knowledge and experience
Overall knowledge and experience ratings
Competence Level
6
6
Scoring for APM Levels
K: 8–10
E: 7–10
K: 7
E: 6
K: 6
E: 4–5
K: 5
E: 0–3
Level A: Can successfully execute all the indicators by directing the management of complex
projects and/or programmes for an organisation or a functional unit.
Level B: Has successfully executed most of the indicators by managing a complex project.
Level C: Has successfully executed at least some of the indicators by management of a project with
limited complexity.
Level D: Has the knowledge required and may execute some of the indicators in supporting a
project manager and/or project team.
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