Pathways to Higher Education Project

 

Center for Advancement of Postgraduate

 Studies and Research in Engineering Sciences,

Faculty of Engineering - Cairo University

(CAPSCU)

Risk Assessment

and

Risk Management

Prof. Dr. Atef M. A-Moneim

 

Table of Contents

 

Acknowledgement and Foreword

Chapter 1: Risk Definition

1.1 Identifying Risk 1

1.2 Common Risks 1

1.3 Categorizing Risks 3

1.4 Mitigating Risks

Chapter 2: Risk Management

2.1 Actions 8

2.2 Identifying Risk and Risk Classification 9

2.3 Risk Management 10

2.4 Expecting the Unexpected 12

2.5 Variation of Risk with the Project Management Life Cycle 13

2.6 Isolating Risk in the Work Breakdown Structure

Chapter 3: Risk Assessment

3.1 The Impact of Risk 15

3.2 Risk Assessment of Several Risks Combined 15

3.3 Accounting for Increased Costs or Reduced Revenues 21

3.4 Communicating the Risk Analysis

Chapter 4: Reducing Risk

4.1 Avoidance 23

4.2 Deflection 23

4.3 Contingency 26

4.4 Time and/or Cost 26

4.5 Contingency Plans 26

4.6 Controlling Risk 27

4.7 The Risk Management Plan 27

4.8 Monitoring Risk 27

4.9 Risk Reassessment

References

 

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