Colorado PJM410 Risk Management Planning Process Outline

PJM 410 Colorado State University Risk Management Planning Process Outline

• Chapter 8 in Project  Risk Management: A Practical Implementation Approach
• Chapter 11.3 in A Guide to the Project Management Body of  Knowledge (PMBOK guide) (6th  ed.)

Recommended

• Ference, S. B. (2015). Don't  let scope creep lead you out of bounds. Journal of Accountancy, 220(3),  18-19. 
• Williams, T. (2017). The nature of  risks in complex projects. Project  Management Journal, 48(4), 55-66.  Retrieved from https://www.pmi.org/-/media/pmi/documents/public/pdf/research/research-summaries/risk-complex-projects.pdf 

Many project risks can be uncovered at the beginning stages of project  development, when the scope of the project is being defined. Scope risk,  which accounts for about one-third of all risks encountered in  projects, falls into three primary categories: scope creep, scope gap,  and scope dependencies. Describe each and discuss which form of scope  risk is the easiest to isolate and mitigate in a project and why? What  is a Black Swan and how can you prepare for these risks in projects?  Give an example.