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Program Risk Management

Program Risk Management Planning 1. Program risk is an event, or series of events or conditions that, if they occur, may affect the success criteria of the program. 2. Program risk management is about managing Risk Processes and activities that interact with other Program Supporting activities as well as component level activities and processes. 3. Program risk management planning identifies how to approach and conduct risk management activities for a program by considering its components. 4. Positive risks are referred to as opportunities and Negative risks are referred to as threats. 5. Risks source can be: 5.1 Program components, 5.2 Components’ interaction 5.3 Technical complexity 5.4 Schedule and or cost constraints 5.5 Broader environment of the program Risk management plan defines the approach to be used for managing risks: 1. Appropriateness of level, type, and visibility of risk management for the risks with respect to importance of the program to the organization 2. Resources and time required for risk management activities 3. An agreed-upon basis for evaluating risks 4. Identification and tracking of risks 5. Priority analysis criteria 6. Periodicity of audits and its effectiveness 7. Escalation and Governance Want to know more about it? Where to learn PgMP from? Well let us strive together to find the answer for this. Learn at Learnkarts! Learnkarts provides an alternative way of learning through videos. These videos can be found on the channel below:    / learnkarts   Learnkarts! 1. Project-based Learning 2. Hands-on Specific Training 3. Hybrid Learning Model 4. Live Virtual Class 5. High Experienced Mentors 6. Industry Oriented Courses