OBJECTIVES: 

• learning how to identify potential risks and about mitigating strategies
• learning how to use SWOT analysis in risk management

OUTLINE: 

Risks – foreseeable (risk management part of the planning) x unpredictable (not planned for)

Risk factors: budget, policy, safety, scope, time, training,…

risk x constraint

risk and constraints management – 3 main processes: IDENTIFYING – EVALUATING – MANAGING

• constraints are realities that necessarily limit or restrict a project
• risks are factors that may negatively impact a project's success

OUTCOME:

• SWOT analysis of the project
• Indicating the risks and their mitigation strategies to the MS Team (us Teams Planner or Miro).

Professional project managers rely on a SWOT analysis in order to identify the strengths, weaknesses, opportunities, and
threats related to a project (Bensoussan and Fleisher, 2012).
Strengths and weaknesses are internal to a project. To a large degree, they are controllable by the project team. Opportunities and threats are external factors that may positively or negatively impact a project. In themselves, they
may not be controllable by the project team, but the project team can nevertheless try to mitigate them, avoiding as much
as possible the threats to a project and leveraging the potential opportunities.
In conducting a SWOT analysis brainstorm:
• the strengths of the project, such as its originality and/or potential to make a difference;
• the weaknesses of the project, such as its limited scope;
• any opportunities the project might be able to take advantage of, such as an upcoming competition to which a final deliverable could be entered;
• the threats to the project, including any risks the project might face.
The goal of a SWOT analysis is to maximize a project's strengths and opportunities, whilst minimizing its weaknesses
and threats. 

Homework: Work on the list of risks and constraints, select those that are likely to appear and offer a solution. Add this file to the complete full proposal.