Chapter 11
Project risk management
11.1 Plant risk management
The Process of defining how to conduct risk management activities for a project.
11.2 Identity Risks
The process of determining which risks may affect the project and documenting their characteristics.
11.3 Perform Qualitative Risk Analysis
The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
11.4 Perform Quantitative Risk Analysis
The process of numerically analyzing the effect of identified risks on overall project objectives.
10.5 Report Performance
The process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project.