Project Analysis: Tools & Techniques for Managing Risk & Uncertainty

Significance of project analysis and risk management in project success

Link between project analysis, risk management, and decision-making

Stakeholders’ roles in project analysis and risk management

SWOT analysis: Assessing strengths, weaknesses, opportunities, and threats

PESTLE analysis: Analyzing political, economic, social, technological, legal, and environmental factors

Feasibility studies: Evaluating project feasibility and viability

Techniques for identifying project risks and uncertainties

Qualitative and quantitative risk assessment methodologies

Risk categorization and prioritization for risk management

Evaluating the probability of risk occurrences

Assessing the potential impact of risks on project objectives

Risk urgency assessment and response prioritization

Developing risk response strategies: mitigate, avoid, transfer, accept

Contingency planning and creating risk response plans

Incorporating risk response plans into project plans

Introduction to Monte Carlo simulation for risk analysis

Running simulations to quantify project risks and uncertainties

Interpreting simulation results for decision-making

Implementing risk management strategies in project execution

Risk monitoring and control throughout the project lifecycle

Continuously improving risk management practices