Knowledge Shelf Home Page                                                                      = Member Content

 Enterprise IT Integration Framework for Integrating Positive Risks into Project SDLC Processes  
–by Ravi Yerabolu, PMP
Positive risks always exist, whether or not they are detected or recognized by the project management team. In the context of IT project/program risk management practices, project team(s) are predominantly focused on negative risk identification, related priorities, the probability of occurrence, and associated impact on the project goals/objectives and risk response–planning strategies such as avoid, mitigate, transfer, and accept to address the negative risks. It is important that the project management team is cognizant of the risk/reward duality and that they implement the positive risk/opportunity management integration rigor into project systems development life cycle (SDLC) processes.

 Planning Tools Overlooked in Projects
–by Sean Brady, PMP
This article looks at a few tools that can be used in conjunction with each other to enrich the initiating and planning phases. While this article does not attempt to give a detailed description of these tools, we will demonstrate their importance as well as how they can work together, to enrich the initiating and planning phases.

Risk Identification and Assessment 
– by Sam Anderson, PMP, CSSBB
One of the most difficult activities in project management is determining what the risks are and how they should be prioritized. The first step in developing a sound Risk Management Plan is to identify risks and determine their potential impact on a project. The purpose of this paper is to investigate why this activity is so difficult, and to suggest a systematic approach to risk identification and assessment.

Visual Ishikawa Risk Technique (VIRT)—An Approach to Risk Management 
– by Rubin Jen, PMP, P. Eng.
Visual Ishikawa Risk Technique (VIRT) is a technique that is consistent with the Identify Risks process group of the PMBOK® Guide and uses a risk breakdown structure as its main principle artefact. However, it differs in that it uses the Ishikawa diagram (commonly also known as a fishbone, or cause and effect diagram), for the risk structure, to create a graphic view, as opposed to being text based or tabular.