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http://www.sei.cmu.edu/programs/sepm/risk/paradigm.html
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Original Slides by Ray Williams
There is water on the hall floor; someone might slip in it and get hurt.
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Condition Consequence Risk Statement Context
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Level Impact Probability Timeframe Binary 3-Level 5-Level N-Level
SEI – CRM Course 4-11 Significant Insignificant High Moderate Low Very High High Moderate Low Very Low N- levels of impact Likely Not likely High Moderate Low Very High High Moderate Low Very Low N- levels of probability Significant Insignificant Near Mid Far Imminent Near Mid Far Very Far N- levels of timeframe
Impact
Air force Systems command/logistics command Pamphlet 800-45, 1988
Waltzing with Bears, P. 66, 1995
This is the magnitude of your risk This is your risk exposure This is the chance it will materialize
Project Risk Integration COTS Subcontracting
Risk statement Risk statement Risk statement Risk statement Risk statement Risk statement Risk statement Continues Risk Management Guidebook
SEI – CRM Course
1 2 3 4
Pareto top N I P RE T Risk 1 2 3 4 CRM Guidebook p.392
10 20 30 40 50 60 70 80 90 Risk 1 Risk 2 Risk 3 Total Points # of Votes
Totals Tally of Votes Item A 5, 9, 16, 3, 7…………40 Item B 11, 8, 6, 9, 14……….48 Item C 2, 1, 4………………..7 Number of Votes One participant Vote
Risk C Risk A Risk C Risk B Risk A
Pairwise Comparison Cell Which Risk is more important for the Project? Comparison question List of risks to rank CRM Guidebook P. 321 Risk A Risk B
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