Page 155 - Organizational Project Management

Appendix I—Program and Portfolio Management Process Models

Program Quantitative Risk Analysis
Measuring the probability and consequences of risks and estimating their
implications for Program objectives.

Program Quantitative Risk Analysis

Inputs Tools & Techniques Controls Outputs
.1 Risk Management plan .1 Interviewing .1 Management oversight .1 Prioritized list of quantified
.2 Identified risks .2 Sensitivity analysis .2 Program Audits risks
.3 List of prioritized risks .3 Decision tree analysis .2 Probabilistic analysis of
.4 List of additional analysis .4 Simulation the Program
and management .3 Probability of achieving
.5 Historical information the cost and time
.6 Expert judgment objectives
.7 Other planning outputs .4 Trends in quantitative
risk analysis results

Program Risk Response Planning
Developing procedures and techniques to enhance opportunities and reduce
threats to the Program’s objectives. The tools include avoidance, mitiga-
tion, transference, and acceptance.

Program Risk Response Planning

Inputs Tools & Techniques Controls Outputs
.1 Risk management plan .1 Avoidance .1 Risk Response Plan Review .1 Risk Response plan
.2 List of prioritized risks .2 Transference .2 Residual risks
.3 Risk ranking of the .3 Mitigation .3 Secondary risks
Program .4 Acceptance .4 Contractual agreements
.4 Prioritized list of quantified .5 Contingency reserve
risks amounts needed
.5 Probabilistic analysis of the .6 Inputs to other processes
Program .7 Inputs to a revised
.6 Probability of achieving the Program plan
cost and time objectives
.7 List of potential responses
.8 Risk threshold

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