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Project Risk: A PMI Approach

1 Project Risk: A PMI ApproachApril 11, 2007By Victor KolynchukYou may wonder why an architect is speaking to you today on risk12 Years ago, met with 25 others downtown to discuss forming a local chapter of the PMIL ocal chapter has taken off and so has PMI internationally, This is probably a good thingEverybody these days seems to be called a Project managerToday Risk based on a Project management Institute Approach with some diversions PMI org promoting stand of good PM practice and terminology worldwideLingua Franca for Project managersThe PMI document is called the Proj Mgmt B of K or PMBOK2 PMI Knowledge Areas Integration Scope Time Cost Quality Human Resources Communication ProcurementThere are nine knowledge areas in the pmbok including risk. Risk is now more visible, RFP s now ask how we will respond, Some not sure how to deal with itIntroduction only, if you were to study for PMP designation it would take 100-120 hoursWhile the nine knowledge areas are studied separately the art of PM is knowing how to apply them Resource not a methodology Familiar with the six aspects of R ManagementProactive not reactiveDifferent people or groups of people have different perceptions

Project Risk: A PMI Approach April 11, 2007 ... The PMI document is called the Proj Mgmt B of K or PMBOK. 2 PMI Knowledge Areas • Integration • Scope •Time •Cost • Quality ... Keep in mind that lack of risk management applied can be a project risk. 12 Risk Management Planning-Issues • Communication - high quality data, document ...

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