Tiêu đề Chapter-4 SPM.pdf ✅

Conduct risk audits and assessments during project milestones. 6. Communication and Reporting: Purpose: To keep stakeholders informed about risks and their management. Activities: Regularly update the project team and stakeholders about risk status and management efforts. Document lessons learned from risk management activities for future projects. By engaging in these activities, project managers can systematically manage risks, enhancing the likelihood of project success. Describe Risk Components and Risk Drivers. Risk Components Risk components are the essential elements that make up a risk in a project. Understanding these components helps in assessing and managing risks effectively. The main components include: 1. Event: The specific occurrence that could negatively impact the project. For example, a software bug or a delay in delivery. 2. Likelihood: The probability that the event will occur. This is often assessed on a scale (e.g., low, medium, high). 3. Impact: The potential consequences or severity of the event on the project's objectives, such as budget overruns, schedule delays, or quality issues. 4. Time Frame: The period during which the risk might occur. This helps prioritize risks based on when they could impact the project. 5. Risk Owner: The individual or team responsible for monitoring and managing the risk. This ensures accountability for risk management. Risk Drivers Risk drivers are the underlying factors or conditions that contribute to the occurrence of risks. They help in identifying the sources of risk within a project. Key risk drivers include: 1. Complexity: Higher complexity in project tasks, technologies, or stakeholder relationships increases the likelihood of risks. 4/11