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The project management planning processes integrate with each other to create all components of the project plan. There are 24 project management planning processes. Part 6.
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Project Planning Process Group – Part 6
The project management planning processes integrate with each other to create all components of the project plan. There are 24 project management planning processes.
When to use
Once a project has been initiated it needs to be planned. Projects that are very large or that are ill-defined at the time of initiation will often go through a significant replan at the beginning of each phase of the project life cycle. Of course whenever a project change is approved, the team must execute the appropriate planning processes to address the change.
Instructions
Planning Process Group
“Those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve.” PMBOK® Guide
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017 Part 2, Figure 2-1, Page 562 and Glossary definition, Page 713. |
Every project needs to be planned. Due to the unique nature of the project goal, objective or results, projects are full of uncertainty. The particular set of deliverables, resources, timing and business environmental factors associated with each process requires a unique project plan. All ten project management knowledge areas contribute to the development of the overall project management plan through the knowledge management plan.
There are 24 processes in the Planning group of project management processes. Four of those processes are addressed in this course module and the other twenty are addressed in other modules. The four in this module are: Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and Plan Risk Responses.
Identify Risks (11.2)
“The process of identifying individual project risks as well as sources of overall project risk, and documenting their characteristics.” PMBOK® Guide
Planning Process Group Risk Mgmt Knowledge Area
This is an iterative process that must be continuously practiced since new risks can arise at any time during the project. The importance of this process should be obvious. If you don’t identify a risk, you won’t proactively prepare for it. But not identifying it does not reduce the likelihood that it will happen; in fact not identifying it may even increase the likelihood. The project document created in this process is used to track and manage the project risk management activities. It therefore becomes an input to many other processes and next to the project management plan is the most widely used project management document.
Inputs:
- Project Management Plan
- Agreements
- Project Documents
- Procurement Documents
- Enterprise Environmental Factors
- Organizational Process Assets
Tools and Techniques:
- Expert Judgement
- Data Gathering
- Data Analysis
- Prompt Lists
- Meetings
- Interpersonal and Team Skills
Outputs:
- Risk Register
- Risk Reports
- Project Document Updates
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Figure 11-7, Page 410 and Glossary definition, Page 708. |
Perform Qualitative Risk Analysis (11.3)
“The process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics.” PMBOK® Guide
Planning Process Group Risk Mgmt Knowledge Area
Risks are not equal in terms of the threat or opportunity that they bring to a project. This process assesses the risks and prioritizes them. It normally relies on a qualitative assessment of probability and impact in order to stratify the risks into various degrees of high and low categories. In later processes, actions will be taken with regard to the high risks.
Inputs:
- Project Management Plan
- Project Documents
- Enterprise Environmental Factors
- Organizational Process Assets
Tools and Techniques:
- Data Gathering
- Data Analysis
- Data Representation
- Meetings
- Interpersonal and Team Skills
- Risk Categorization
- Expert Judgment
Outputs:
- Project Documents Updates
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Figure 11-9, Page 420 and Glossary definition, Page 712. |
Perform Quantitative Risk Analysis (11.4)
“The process of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives.” PMBOK® Guide
Planning Process Group Risk Mgmt Knowledge Area
This process is a numerical analysis of selected risks, normally the risks that were identified as high risks in the qualitative analysis. There are numerous quantitative techniques, some taking very little time and resources, others requiring extensive time and resources. The project manager must decide which risks will be analyzed quantitatively and how much effort to spend on that analysis.
Inputs:
- Project Management Plan
- Project Documents
- Enterprise Environmental Factors
- Organizational Process Assets
Tools and Techniques:
- Data Gathering
- Data Analysis
- Representations of Uncertainty
- Interpersonal and Team Skills
- Expert Judgment
Outputs:
- Project Documents Updates
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Figure 11-12, Page 429 and Glossary definition, Page 713. |
Plan Risk Response (11.5)
“The process of developing options, selecting strategies, and agreeing on actions to address overall project risk exposure, as well as to treat individual project risks.” PMBOK® Guide
Planning Process Group Risk Mgmt Knowledge Area
Risks are uncertain events that may happen in a project. They include both threats to the project success and opportunities to improve project performance. This process of planning risk responses occurs when the project plan is being developed in order to reduce a threat or increase an opportunity. The action selected may impact the threat probability, the threat impact, or both. Risk analysis that does not lead to appropriate risk response is wasted effort.
Inputs:
- Project Management Plan
- Project Documents
- Enterprise Environmental Factors
- Organizational Process Assets
Tools and Techniques:
- Strategies for Threats
- Strategies for Opportunities
- Contingent Response Strategies
- Strategies for Overall Project Risk
- Expert Judgment
- Meetings
- Interpersonal and Team Skills
- Data Gathering
- Data Analysis
Outputs:
- Change Requests
- Project Management Plan Updates
- Project Documents Updates
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Figure 11-17, Page 438 and Glossary definition, Page 713. PMBOK is a registered mark of the Project Management Institute, Inc. |
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