FREE DOWNLOAD > PMP Certification: Project Risk Management Inputs, Tools and Techniques, and Outputs (based on PMBOK® Guide, 6th Edition)

Project Risk Management — PMBOK® Guide, 6th Edition Update

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Project Risk Management Inputs, Tools and Techniques, and Outputs

by Project Management Process Group

1. Plan Risk Management

2. Identify Risks

Inputs	Tools and techniques	Outputs
Project management plan Requirements management plan Schedule management plan Cost management plan Quality management plan Resource management plan Risk management plan Scope baseline Schedule baseline Cost baseline Project documents Assumption log Cost estimates Duration estimates Issue log Lessons learned register Requirements documentation Resource requirements Stakeholder register Agreements Procurement documentation Enterprise environmental factors Organizational process assets	Data gathering Brainstorming Checklists Interviews Data analysis Root cause analysis Assumption and constraint analysis SWOT analysis Document analysis Interpersonal and team skills Facilitation Prompt lists Meetings	Risk register Risk report Project documents updates Assumption log Issue log Lessons learned register

Source: PMBOK® Guide, 6th ed., Chapter 11, section 11.2, p. 409.

3. Perform Qualitative Risk Analysis

Inputs	Tools and techniques	Outputs
Project management plan Risk management plan Project documents Assumption log Risk register Stakeholder register Enterprise environmental factors Organizational process assets	Expert judgment Data gathering Interviews Data analysis Risk data quality assessment Risk probability and impact assessment Assessment of other risk parameters Interpersonal and team skills Facilitation Risk categorization Data representation Probability and impact matrix Hierarchical charts Meetings	Project documents updates Assumption log Issue log Risk register Risk report

Source: PMBOK® Guide, 6th ed., Chapter 11, section 11.3, p. 419.

4. Perform Quantitative Risk Analysis

Inputs	Tools and techniques	Outputs
Project management plan Risk management plan Scope baseline Schedule baseline Cost baseline Project documents Assumption log Basis of estimates Cost estimates Cost forecasts Duration estimates Milestone list Resource requirements Risk register Risk report Schedule forecasts Enterprise environmental factors Organizational process assets	Expert judgment Data gathering Interviews Interpersonal and team skills Facilitation Representations of uncertainty Data analysis Simulations Sensitivity analysis Decision tree analysis Influence diagrams	Project documents updates Risk report

Source: PMBOK® Guide, 6th ed., Chapter 11, section 11.4, p. 428.

5. Plan Risk Responses

Inputs	Tools and techniques	Outputs
Project management plan Resource management plan Risk management plan Cost baseline Project documents Lessons learned register Project schedule Project team assignments Resource calendars Risk register Risk report Stakeholder register Enterprise environmental factors Organizational process assets	Expert judgment Data gathering Interviews Interpersonal and team skills Facilitation Strategies for threats Strategies for opportunities Contingent response strategies Strategies for overall project risk Data analysis Alternatives analysis Cost-benefit analysis Decision making Multicriteria decision analysis	Change requests Project management plan updates Schedule management plan Cost management plan Quality management plan Resource management plan Procurement management plan Scope baseline Schedule baseline Cost baseline Project documents updates Assumption log Cost forecasts Lessons learned register Project schedule Project team assignments Risk register Risk report

Source: PMBOK® Guide, 6th ed., Chapter 11, section 11.5, p. 437.

6. Implement Risk Responses

7. Monitor Risks

Inputs	Tools and techniques	Outputs
Project management plan Risk management plan Project documents Issue log Lessons learned register Risk register Risk report Work performance data Work performance reports	Data analysis Technical performance analysis Reserve analysis Audits Meetings	Work performance information Change requests Project management plan updates Any component Project documents updates Assumption log Issue log Lessons learned register Risk register Risk report Organizational process assets updates

Source: PMBOK® Guide, 6th ed., Chapter 11, section 11.7, p. 453.

Click here for a detailed analysis of each project management process group and knowledge area.

SOURCES: Project Management Institute (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). 6th ed. Newtown Square: Project Management Institute.

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PMP Certification: Project Risk Management Inputs, Tools and Techniques, and Outputs (based on PMBOK® Guide, 6th Edition)