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Angela Dawson Project Risk Management PRM 614 Saint Mary’s University of Minnesota June 10, 2013 Checklist Analysis

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Checklist Analysis for Risk Identification Powerpoint Presentation Project Management

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  • 1. Angela DawsonProject Risk ManagementPRM 614Saint Marys University of MinnesotaJune 10, 2013

2. PurposeSamples and TechniquePros and ConsA fun wrap-up exercise 3. Risk analysis tool used to identify risks The practice standards refers to checklists as a creativitytechnique (PMI, 2008) Checklists serve as a source of historical review Checklists establish a projects documentation Helps identify data/information/studies from similar projects orsimilar organizationsThe purpose of Checklists inRisk Management 4. A checklist can be presented in the form of a questionnaireExample: Have Is the budget confirmed?Checklists Risk Management Samples and Techniques 5. A checklist can be used with the RBSExample: Checklists structured around the RBS help identify risks relevantto the project.ChecklistsRisk Management Samples and Techniques 6. A checklist can be added to and sourced from a databaseChecklistsRisk Management Samples and Techniques 7. Review the checklists Answer the questions Apply or communicate the guidanceChecklist AnalysisApplication 8. Checklist Pros:Low use requirementsnot budget reliantFlexible tool with broad applicabilityEase of useHigh accuracy rateChecklist AnalysisPros 9. Checklist Cons: It is impossible to list all risks The quality of the checklist depends on the data input in the list The checklist can discourage original thinkingChecklist AnalysisCons 10. Exercise & Wrap UpTesting our understanding 11. Checklists are flexible tools 12. Checklists support budget submittal 13. Checklists are expensive to utilize 14. What risk management tool can be used asa checklist? 15. Your thoughtful feedback is appreciated! 16. BibliographyRitter, Donna. 2011. Identifying Risks in Your Project. Accessedfrom:http://certifedpmp.wordpress.com/2008/10/13/identifying-risks-in-your-project/Li, Lei. March 2013. The Impact of Risk Checklists on ProjectManagers Risk Perception and Decision Making Process.Columbia State University. Conference Paper.Project Management Institute 2008. A Guide to the ProjectManagement Body of Knowledge, Fourth Edition (ProjectManagement Institute. Kindle Edition. PMI (2008),Mind tools. Risk Impact/Probability Chart Learning to PrioritizeRisks. Retrieved fromhttp://www.mindtools.com/pages/article/newPPM_78.htmPractice Standard for Project Risk Management. ProjectManagement Institute.Pritchard, C. (2010). Risk management: Concepts andguidance. Arlington, VA: ESI International.