information, when they will need it, and how it will be given to them. Information distribution—making needed information available to project stakeholders in a timely manner. Performance reporting—collecting and disseminating performance information. This includes status reporting, progress measurement, and forecasting. Administrative closure—generating, gathering, and disseminating information to formalize phase or project completion. PROJECT RISK MANAGEMENT Risk management is the systematic process of identifying, analyzing, and responding to project risks. It includes maximizing the probability and consequences of positive events and minimizing the probability and consequences of adverse events to project objectives. It includes: Risk management planning—deciding how to approach and plan the risk management activities for a project. Risk identification—determining which risks might affect the project and document their characteristics. Qualitative risk analysis—performing a qualitative analysis of risks and conditions to prioritize their effects on project objectives. Quantitative risk analysis—measuring the probability and consequences of risks and estimating their implications for project objectives. Risk response planning—developing procedures and techniques to enhance opportunities and reduce threats from risks to the objectives. project’s Risk monitoring and control—monitoring residual risks, identifying new risks, executing risk reduction plans, and evaluating their effectiveness throughout the project life cycle. PROJECT PROCUREMENT MANAGEMENT A subset of project management that includes the processes required to acquire goods and services to attain project scope from outside the performing organization. It consists of: Procurement planning—determining what to procure and when. Solicitation planning—documenting product requirements and identifying potential sources.
information, when they will need it, and how it will be given to them. Information distribution—making needed information available to project stakeholders in a timely manner. Performance reporting—collecting and disseminating performance information. This includes status reporting, progress measurement, and forecasting. Administrative closure—generating, gathering, and disseminating information to formalize phase or project completion. PROJECT RISK MANAGEMENT Risk management is the systematic process of identifying, analyzing, and responding to project risks. It includes maximizing the probability and consequences of positive events and minimizing the probability and consequences of adverse events to project objectives. It includes: Risk management planning—deciding how to approach and plan the risk management activities for a project. Risk identification—determining which risks might affect the project and document their characteristics. Qualitative risk analysis—performing a qualitative analysis of risks and conditions to prioritize their effects on project objectives. Quantitative risk analysis—measuring the probability and consequences of risks and estimating their implications for project objectives. Risk response planning—developing procedures and techniques to enhance opportunities and reduce threats from risks to the project’s objectives. Risk monitoring and control—monitoring residual risks, identifying new risks, executing risk reduction plans, and evaluating their effectiveness throughout the project life cycle. PROJECT PROCUREMENT MANAGEMENT A subset of project management that includes the processes required to acquire goods and services to attain project scope from outside the performing organization. It consists of: Procurement planning—determining what to procure and when. Solicitation planning—documenting product requirements and identifying potential sources.
Project-Audit-Checklist.docx