Subtitles of the Movie

In this movie we'll pick up where we left off in the previous movie, which was a review of the perform qualitative risk analysis process inputs. Remember than an input includes information or documents that are used to carry out the process. We covered the risk register and the risk management plan in the previous movie so we'll focus on the project scope statement and the organizational process assets within this movie. Let's start with the project scope statement. Just a refresher that this document contains the project deliverables, which reveal what the project set out to accomplish. It includes the constraints, assumptions and acceptance criteria of the project. Think of the project scope statement as providing boundaries within the project which keeps the focus on the work that should be accomplished in order to keep the project on track. In terms of the project, the project scope statement will provide some insight as to whether what we're aiming at accomplishing is something new as opposed to a project that has been done before and that you therefore know what to expect. A project that is working on something new, particularly new technology, will have larger risks with perhaps greater levels of impact. This is compared to a project that has been done before, perhaps by the organization, which will contain smaller amounts of risk. You will also be better prepared to deal with these risks as they'll likely be aligned with those that emerged in the previous similar projects. The second item on our list includes organizational process assets. There's always a lot of confusion about what organizational process assets are and how they differ from Enterprise environmental factors. According to the PMBOK Guide, organizational process assets are all process-related assets from any or all of the organizations involved in the project that are or that can be used to influence the project's success. Examples include formal and informal plans, policies, procedures and guidelines. On the other hand, Enterprise environmental factors, according to the PMBOK Guide include all external environmental factors and internal organizational environmental factors surrounding or influencing the project's success. Examples include organizational culture and structure, infrastructure and even project management software. And bringing this back to the qualitative risk analysis process, the organizational process assets used include lessons learned knowledge base, which itself includes information and data from past projects. This will provide us with insight as to what the outcome of other similar risks were and how they were managed. And that wraps up the inputs used to conduct qualitative risk analysis. As a reminder from the first course of this series, I do recommend that you memorize the inputs, tools and techniques and outputs of the risk management processes in preparation for the exam. And that brings our review of the inputs to a close.