Question

Debate the inputs, tools and techniques, and the outputs of the risk management process as prescribed by the PMI. Your discussion must reference the case study even if you have to make some assumptions

Answer 1

I think that the inputs, Tools and techniques and output approach towards risk response is an effective approach. The inputs in this activity are the risk register and risk management plan. The purpose of the risk register is provide appropriate ise list of identified risk related to the project as well as their root causes and potential negative consequences. The purpose of the risk management plan is to provide guidelines related to to response and reaction to the risks identified through the risk register Both these inputs provide valuable insights related to potential risks and Strategies for mitigating there negative consequences.

The second step involves using various Tools and techniques. These tools involve creating Strategies for eliminating negative risks and threats as well as Strategies for exploiting positive risk and opportunity in the project environment. Some other Tools and techniques used for this process include contingent Strategies and expert judgements. The expert judgements is taken from experts in various fields in order to create effective contingency response strategies in the event of risk occurrence.

After the use of these Tools and techniques the outputs that are gained include an updated project management plan as well as various other updated project documents. The updated project management plan may include the creation of a subsidiary management plan. The updated documentation may include updates to log updates to technical documentation as well as risk register and risk related decisions