Week 11: Risk Management

 
Objectives:
 
               •Definition of ‘risk’ and ‘risk management’
 
               •Some ways of categorizing risk
 
              •Frame work of dealing with risk

                   - Risk identification

                   - Risk analysis (Risk exposure = Probability * Impact )

                   - Risk planning (Accept, Avoid, Reduce, Transfer)

                   - Risk monitoring

             •Evaluating Risk for Schedule (PERT)
 
Quiz 3