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What other questions would you ask when Studying Project Risk Management?

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George Lewis Program/Project Manager| DXC Technology Company Heredia, Costa Rica
What other questions would you ask when Studying Project Risk Management?

1. What’s the difference between Risk Management Plan and Project Management Plan?
2. What are the types of Risks?
4. How many communications channels do you have now?
5. What's the relation between Risk Management and Communications Management?
6. What importance does Risk Management has in closing?
7. What strategy should a project manager use to keep stakeholders aware of Risks?

8. Append your Question here...
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
What are Strategies for Positive Risk or Opportunities?
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1 reply by George Lewis
Jul 12, 2016 8:07 AM
George Lewis
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Aejaz - If you want you can add the three questions all in one in the Blog

http://www.projectmanagement.com/blog-post...Risk-Management
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
What do you mean by Sensitivity Analysis?
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
How frequently should there be Risk Audit in a Project?
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George Lewis Program/Project Manager| DXC Technology Company Heredia, Costa Rica
Jul 12, 2016 7:22 AM
Replying to Aejaz Shaikh
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What are Strategies for Positive Risk or Opportunities?
Aejaz - If you want you can add the three questions all in one in the Blog

http://www.projectmanagement.com/blog-post...Risk-Management
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George Lewis Program/Project Manager| DXC Technology Company Heredia, Costa Rica
Jul 12, 2016 3:13 AM
Replying to Radhika Namburi
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Other question may be: What is the difference between mitigation plan and contingency plan?
Radhika - yes, this is a great question...
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George Lewis Program/Project Manager| DXC Technology Company Heredia, Costa Rica
What is Risk Review?
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George Lewis Program/Project Manager| DXC Technology Company Heredia, Costa Rica
How often do you perform Risk Review?
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SUVRUTT GURJAR Pimpri Chinchwad, Maharashtra, India
George : You have covered this aspect of contingency reserves and management reserves in your blog well. I trust that following two are relevant questions, a project manager should delve on-

1. How am I going to work on and finalize project's contingency reserve? and

2. How much management reserves have been allocated for the project?
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1 reply by George Lewis
Jul 12, 2016 8:47 AM
George Lewis
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Suvrutt - I Agree! Your inputs are always welcomed thanks.
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George Lewis Program/Project Manager| DXC Technology Company Heredia, Costa Rica
Jul 12, 2016 8:34 AM
Replying to SUVRUTT GURJAR
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George : You have covered this aspect of contingency reserves and management reserves in your blog well. I trust that following two are relevant questions, a project manager should delve on-

1. How am I going to work on and finalize project's contingency reserve? and

2. How much management reserves have been allocated for the project?
Suvrutt - I Agree! Your inputs are always welcomed thanks.
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Kgobalale John Malatji Projects Portfolio Manager | Noko-imp Johannesburg, Gauteng, South Africa
Jul 11, 2016 8:50 PM
Replying to George Lewis
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Demetrius, yes that a common question... good one...

You can also add it here in the blog...
http://www.projectmanagement.com/blog-post...Risk-Management
A risk is an event that has not occurred yet but has a probability of occurring and may have an effect on the project if it occurs. A suitable mitigation plan must be devised and provision be allowed to deal with identified risk. Mitigation plan may be in one or more of the following steps applied in the given order. 1. Terminate, 2. Transfer, 3. Treat, 4. Tolerate


An issue is an event or risk that has already materialized or occurred. An issue need to be analysed/ evaluated for the extend of effect and the devised mitigation plan has to be applied as planned or amended to suit if the effects are different from the anticipated.
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