Mention two Inputs, Tools & Techniques, and the Outputs of each of these processes involved in risk management:Identify RisksImplement Risk Responses
Question
Mention two Inputs, Tools & Techniques, and the Outputs of each of these processes involved in risk management:Identify RisksImplement Risk Responses
Solution
Sure, here are the inputs, tools & techniques, and outputs for the two processes involved in risk management:
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Identify Risks:
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Inputs:
- Project Management Plan: This includes all aspects of the plan that may have an impact on risk.
- Project Documents: These can include project schedule, cost estimates, and stakeholder register.
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Tools & Techniques:
- Expert Judgment: This involves consulting with individuals with expertise in risk management.
- Data Gathering: This can include brainstorming, interviews, and root cause analysis.
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Outputs:
- Risk Register: This is a document in which the results of risk analysis and risk response planning are recorded.
- Risk Report: This report details the sources of overall project risk, along with summary information on individual project risks.
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Implement Risk Responses:
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Inputs:
- Risk Management Plan: This plan details how risk management activities will be structured and performed.
- Risk Register: This document contains information about identified risks and planned responses.
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Tools & Techniques:
- Expert Judgment: This involves consulting with individuals with expertise in risk management.
- Interpersonal and Team Skills: These skills can be used to influence team members and other stakeholders to support the risk responses.
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Outputs:
- Change Requests: If a risk response requires a change to the project management plan, a change request is issued.
- Project Management Plan Updates: The project management plan may need to be updated to reflect changes made to address risks.
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