risk management

PROJECT RISK ANALYSIS AND
MANAGEMENT

A GUIDE BY

THE ASSOCIATION FOR PROJECT MANAGEMENT
(formerly The Association Of Project Managers)
Compiled from information provided by members of the Special Interest Group on Risk Management
Catriona Norris - UMIST
Professor John Perry - The University of Birmingham
Peter Simon - CPS Project Management

Project Risk Analysis & Management

PROJECT RISK
ANALYSIS AND MANAGEMENT

Contents

Page

1. Introduction -------------------------------------------------------------------------------------------3
2. What Is Project Risk Analysis And Management? ------------------------------------------3
3. What Is Involved -------------------------------------------------------------------------------------3
4. Why Is It Used? ---------------------------------------------------------------------------------------4
5. When Should It Be Used and Who Should Do It?-------------------------------------------5
6. How To Do It - Techniques And Methods ----------------------------------------------------6
7. What Experience Is Available?----------------------------------------------------------------- 10

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This Guide may not be reproduced without written permission of The Association of Project Managers.
The Association for Project Management, 85 Oxford Road, High Wycombe,
Buckinghamshire HP11 2DX
 March1992, republished January 2000
This ‘mini’ guide has been expanded, updated and rewritten as the Project Risk Analysis and
Management (PRAM) Guide edited by P Simon, D Hillson and K Newland, published by the APM 1997,
ISBN 0953159000.

Project Risk Analysis & Management

PROJECT RISK ANALYSIS AND
MANAGEMENT
1. Introduction
This Guide provides an introduction to the processes involved in Project Risk Analysis and
Management, offering a simple but robust and practical framework to help new users get started.
It is not a definitive explanation of all the techniques and methods that can be used in