risk management
PROJECT RISK ANALYSIS AND
MANAGEMENT
A GUIDE BY
THE ASSOCIATION FOR PROJECT MANAGEMENT
(formerly The Association Of Project Managers)
Compiled from information provided by members of the Special Interest Group on Risk Management
Catriona Norris - UMIST
Professor John Perry - The University of Birmingham
Peter Simon - CPS Project Management
Project Risk Analysis & Management
PROJECT RISK
ANALYSIS AND MANAGEMENT
Contents
Page
1. Introduction -------------------------------------------------------------------------------------------3
2. What Is Project Risk Analysis And Management? ------------------------------------------3
3. What Is Involved -------------------------------------------------------------------------------------3
4. Why Is It Used? ---------------------------------------------------------------------------------------4
5. When Should It Be Used and Who Should Do It?-------------------------------------------5
6. How To Do It - Techniques And Methods ----------------------------------------------------6
7. What Experience Is Available?----------------------------------------------------------------- 10
!
This Guide may not be reproduced without written permission of The Association of Project Managers.
The Association for Project Management, 85 Oxford Road, High Wycombe,
Buckinghamshire HP11 2DX
March1992, republished January 2000
This ‘mini’ guide has been expanded, updated and rewritten as the Project Risk Analysis and
Management (PRAM) Guide edited by P Simon, D Hillson and K Newland, published by the APM 1997,
ISBN 0953159000.
Project Risk Analysis & Management
PROJECT RISK ANALYSIS AND
MANAGEMENT
1. Introduction
This Guide provides an introduction to the processes involved in Project Risk Analysis and
Management, offering a simple but robust and practical framework to help new users get started.
It is not a definitive explanation of all the techniques and methods that can be used in
MANAGEMENT
A GUIDE BY
THE ASSOCIATION FOR PROJECT MANAGEMENT
(formerly The Association Of Project Managers)
Compiled from information provided by members of the Special Interest Group on Risk Management
Catriona Norris - UMIST
Professor John Perry - The University of Birmingham
Peter Simon - CPS Project Management
Project Risk Analysis & Management
PROJECT RISK
ANALYSIS AND MANAGEMENT
Contents
Page
1. Introduction -------------------------------------------------------------------------------------------3
2. What Is Project Risk Analysis And Management? ------------------------------------------3
3. What Is Involved -------------------------------------------------------------------------------------3
4. Why Is It Used? ---------------------------------------------------------------------------------------4
5. When Should It Be Used and Who Should Do It?-------------------------------------------5
6. How To Do It - Techniques And Methods ----------------------------------------------------6
7. What Experience Is Available?----------------------------------------------------------------- 10
!
This Guide may not be reproduced without written permission of The Association of Project Managers.
The Association for Project Management, 85 Oxford Road, High Wycombe,
Buckinghamshire HP11 2DX
March1992, republished January 2000
This ‘mini’ guide has been expanded, updated and rewritten as the Project Risk Analysis and
Management (PRAM) Guide edited by P Simon, D Hillson and K Newland, published by the APM 1997,
ISBN 0953159000.
Project Risk Analysis & Management
PROJECT RISK ANALYSIS AND
MANAGEMENT
1. Introduction
This Guide provides an introduction to the processes involved in Project Risk Analysis and
Management, offering a simple but robust and practical framework to help new users get started.
It is not a definitive explanation of all the techniques and methods that can be used in