Project Management Bespoke Final

• To eliminate all potential risks.

• To identify and assess potential risks.

• To minimize the impact of negative events.

• To maximize the potential benefits of opportunities.

• Risk Acceptance

• Risk Avoidance

• Risk Transfer

• Risk Mitigation

• SWOT Analysis

• Risk Register

• Risk Assessment Matrix

• Fishbone Diagram

• To focus solely on high-impact risks and neglect low-impact risks

• To ignore low-probability risks to avoid unnecessary complexity

• To delegate risk management responsibilities to team members

• To develop a comprehensive risk management plan and monitor risks throughout the project

• To allocate project resources

• To identify project risks

• To measure project costs

• To track project progress and performance

• Relevant to project objectives

• Measurable and quantifiable

• Easily understood by all stakeholders

• Subjective and open to interpretation

• To identify potential risks and take corrective action

• To measure the overall success of the project

• To provide a balanced view of project performance

• To track the progress of project milestones

• To allocate resources effectively

• To ensure that stakeholders are satisfied with the project

• To identify potential risks and threats

• To gather feedback and improve the project's performance

To assign tasks and responsibilities to team members

To define how and when information will be shared with stakeholders

To develop technical project specifications

To resolve conflicts among stakeholders

Testing

Requirement Analysis

Implementation

System Design