Contents
Executive summary 2- Introduction 3
- Definition of Risk 3
- The aspects of Risk and Risk Management 3
- The types of risk 3
- Risk Management 4
- Risk Management Principles 5
- Risk Response 5
- Risk Monitoring & Control 6
- Management of Risks all through the project 6
- Risk responses 6
- Top 10 Risk Tracking 7
- Risk Register 7
- Risk Management Planning 7
- Identification of Risk Events 8
- Risk Identification Tools and Techniques 8
- Guidelines for Identification of Risk 10
- Qualitative Risk Analysis 10
- Performing Qualitative Risk Analysis 11
- Quantitative Risk Analysis 12
- Risk Management Strategy 12
- Risk Management strategy for Road construction project 13
- Benefits of Project Risk Management 14
- Conclusion 15
- References 16
Description
This report is based on the following question -
The management of risk is proving to be one of the most difficult tasks for the project management profession. How can risk be managed effectively and who should be responsible for this task?
You are required to critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed for a project of your own conception. In completing this assignment, you should address how appropriate practices can assist in minimising risk for your project.
