1. Risk Management

2. Table of contents
1. What is Risk Management? 2. Steps 3. Plans 4. Identifying risks 5. Qualitative risk analysis 6. Quantitaitve risk analysis 7. Risk responses 8. Risk Controlling

3. What is Risk management?
Project risk management is the art and science of identifying, analyzing, and responding to risk throughout the life of a project and in the best interests of meeting project objectives
Main steps include:
Plan risk management
Identify risks
Perform qualitative risk analysis
Perform quantitative risk analysis
Plan risk responses
Control risks

4. Steps
Planning risk management : Deciding how to approach and plan the risk management activities for the project
Identifying risks: Determining which risks are likely to affect a project and documenting the characteristics of each
Performing qualitative risk analysis: Prioritizing risks based on their probability and impact of occurrence
Performing quantitative risk analysis: Numerically estimating the effects of risks on project objectives
Planning risk responses: Taking steps to enhance opportunities and reduce threats to meet project objectives
Controlling risk: Monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies throughout the life of the project

5. Plans
Contingency plans are predefined actions that the project team will take if an identified risk event occurs
Fallback plans are developed for risks that have a high impact on meeting project objectives, and are put into effect if attempts to reduce the risk are not effective

6. Identifying risks
Identifying risks is the process of understanding what potential events might hurt or enhance a particular project
Tools:
Brainstorming
The Delphi Technique
Interviewing
SWOT analysis

7. Performing Qualitative Risk Analysis
Assess the likelihood and impact of identified risks to determine their magnitude and priority
Risk quantification tools and techniques include:
Probability/impact matrixes
The Top Ten Risk Item Tracking

8. Performing Quantitative Risk Analysis
Large, complex projects involving leading edge technologies often require extensive quantitative risk analysis
Main techniques include:
Decision tree analysis
Simulation
Sensitivity analysis

9. Planning Risk Responses
Four main response strategies for negative risks:
Risk avoidance
Risk acceptance
Risk transference
Risk mitigation

10. Controlling Risks
Involves executing the risk management process to respond to risk events and ensuring that risk awareness is an ongoing activity performed by the entire project team throughout the entire project
Main outputs of risk control are:
Work performance feedback
Changing requests
Updates in the project or in the organization

11. SOFTWARE TOOLS IN P.M.

12. Sw Tools in PM
IT tools are programs, applications or just instructions used to perform other tasks more easily.
A tool is any program or instruction that facilitates a task, also it could be hardware or accessories that act as tools.

13. TYPES
Each tool is created and designed for one or more specific functions, and therefore we can talk about different types of tools depending on the field.
Types of tools:
AgileTrack
Gantt PV
DotProject
Open Workbench
Microsoft project

14. OBJECTIVES Improve productivity of software.
Increase software quality.
Reduce the time and cost of development and maintenance of computer systems.
Improve project planning.
Automate software development, documentation, code generation, testing errors and project management.
Reusing of software, portability and standardization of documentation.
Global management in all phases of software development with the same tool.
Facilitate the use of different methodologies

15. functions
Project management software is responsible for planning the entire process of product development. It is also responsible for tracking work so that established standards met.
Use of well-defined methodologies.
Make repeatable and reliable measurements .
Estimate of cost and time.
Give elements for project management .
Restates results to adjust the information available