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Chap 11.6 Implement Risk Response

https://www.slideshare.net/anandbobade/chap-110-project-risk-management-overview-143496876
https://www.slideshare.net/anandbobade/chap-111-plan-risk-management-143497221
https://www.slideshare.net/anandbobade/chap-112-identify-risks-143497237
https://www.slideshare.net/anandbobade/chap-113-perform-qualitative-risk-analysis
https://www.slideshare.net/anandbobade/chap-114-perform-quantitative-risk-analysis
https://www.slideshare.net/anandbobade/chap-115-plan-risk-response-143497289
https://www.slideshare.net/anandbobade/chap-116-implement-risk-response-143497303
https://www.slideshare.net/anandbobade/chap-117-monitor-risks-143497342

Chap 11.6 Implement Risk Response

  1. 1. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Chapter 11 – Project Risk Management PMP Trainer: Anand BobadePMBOK 6th Edition, 2019, All rights reserved. Implement Risk SIXTH EDITION
  2. 2. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) 11.6 Implement Risk Responses Implement Risk Responses - Definition Implement Risk Responses : ITTO Influencing skills Change Request Risk Report Review
  3. 3. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Project Risk Management Processes Plan Risk management Identify Risk Perform Qualitative Risk Analysis Perform Quantitative Risk Analysis Plan Risk Response Implement Risk Monitor Risk P MC P P P P E
  4. 4. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Implement Risk Responses Implement Risk response • The process of implementing agreed-upon risk response plans. The key benefit of this process is that it ensures that agreed-upon risk responses are executed as planned throughout the project. Risk Response plan Implement
  5. 5. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Implement Risk Response -> ITTO Expert Judgment Interpersonal and team skills Project Management Information system Project Management Plan Project documents Organizational process assets Change request Project document updates Inputs Tools & Techniques Outputs
  6. 6. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Project Management Plan Project documents Organizational process assets Implement Risk Response -> Inputs
  7. 7. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Project Management Plan Implement Risk Response -> Inputs -> PMP Risk Management plan • Roles & responsibilities of project team members and other stakeholders who are involved in implementing risk responses. • Risk thresholds for the project, which define the acceptable target that the implementation of risk responses is supposed to achieve.
  8. 8. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Project documents Implement Risk Response -> Inputs -> Project documents • Lessons learned during implementing risk responses from other similar projects, and from same project can be applied. Lessons learned register • Contain the agreed-upon risk response strategy for the overall project, as well as for major individual project risks.Risk register • Contains an assessment of the current overall project risk exposure as well as the agreed-upon risk strategy for major individual project risks.Risk report Lessons learned register Risk Register Risk Report
  9. 9. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Expert Judgment Interpersonal and team skills Project Management Information system Implement Risk Response -> Tools & Techniques
  10. 10. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Expert Judgment Implement Risk Responses ->T&T->Expert Judgement Expertise from individuals or groups with expertise in implementing risk response How to carry out the risk responses These are assigned Risk owners Or Risk action owners
  11. 11. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Interpersonal and team skills Encourage risk owners to take the necessary actions needed PM may need to facilitate the risk process. Similar to influencing skill required to get the work done on the project during Direct and Manage Project Work Implement Risk Response -> T&T -> Interpersonal and team skills Influencing
  12. 12. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Project Management Information system PMIS is used to monitor the schedule, cost and resources on a project Integrate Risk response plans and their associated activities into the project along with other activities. Implement Risk Response -> Tools & Techniques -> PMIS
  13. 13. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Change request Project document updates Implement Risk Response -> Output
  14. 14. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Change request Underlying risk has been triggered Risk response is implemented Change request will be raised To update the cost and schedule baselines Implement Risk Response -> Output -> Change request
  15. 15. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Project documents update Implement Risk Response -> Outputs -> Project document updates Issue log Lessons learned register Project team assignments Risk Register Risk Report
  16. 16. PMBOK 6 - All rights reserved; By: Anand Bobade (nmbobade@gmail.com) Implement Risk Responses - Definition Implement Risk Responses : ITTO Influencing skills Change Request Risk Report Plan Risk Responses -> Review

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