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BS EN 62198:2014

BS EN 62198:2014

$189.07

Managing risk in projects. Application guidelines

Published By Publication Date Number of Pages
BSI 2014 46
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IEC 62198:2013 provides principles and generic guidelines on managing risk and uncertainty in projects. In particular it describes a systematic approach to managing risk in projects based on ISO 31000, Risk management – Principles and guidelines. Guidance is provided on the principles for managing risk in projects, the framework and organizational requirements for implementing risk management and the process for conducting effective risk management. This standard is not intended for the purpose of certification. This second edition cancels and replaces the first edition, published in 2001, and constitutes a technical revision. This edition includes the following significant technical changes with respect to the previous edition: – major restructure and rewrite of the first version; – now aligned with ISO 31000, Risk management – Principles and guidelines. Key words: managing risk and uncertainty, ISO 31000

PDF Catalog

PDF Pages PDF Title
6 English
CONTENTS
8 INTRODUCTION
9 1 Scope
2 Normative references
3 Terms and definitions
11 4 Managing risks in projects
12 Tables
Table 1 – Typical phases in a project
13 5 Principles
Figures
Figure 1 – Principal stakeholders in a project
14 6 Project risk management framework
6.1 General
15 6.2 Mandate and commitment
Figure 2 – Relationship between the components of the frameworkfor managing risk, adapted from ISO 31000
16 6.3 Design of the framework for managing project risk
6.3.1 Understanding the project and its context
6.3.2 Establishing the project risk management policy
17 6.3.3 Accountability
18 6.3.4 Integration into project management processes
6.3.5 Resources
6.3.6 Establishing internal project communication and reporting mechanisms
19 6.3.7 Establishing external project communication and reporting mechanisms
6.4 Implementing project risk management
6.4.1 Implementing the framework for managing project risk
6.4.2 Implementing the project risk management process
6.5 Monitoring and review of the project risk management framework
20 6.6 Continual improvement of the project risk management framework
7 Project risk management process
7.1 General
21 7.2 Communication and consultation
Figure 3 – Project risk management process, adapted from ISO 31000
22 7.3 Establishing the context
7.3.1 General
7.3.2 Establishing the external context
23 7.3.3 Establishing the internal context
7.3.4 Establishing the context of the project risk management process
24 7.3.5 Defining risk criteria
7.3.6 Key elements
25 7.4 Risk assessment
7.4.1 General
7.4.2 Risk identification
26 7.4.3 Risk analysis
27 7.4.4 Risk evaluation
7.5 Risk treatment
7.5.1 General
7.5.2 Selection of risk treatment options
28 7.5.3 Risk treatment plans
7.6 Monitoring and review
29 7.7 Recording and reporting the project risk management process
7.7.1 Reporting
30 7.7.2 The project risk management plan
7.7.3 Documentation
7.7.4 The project risk register
32 Annex A (informative) Examples
A.1 General
A.2 Project risk management process
A.2.1 Stakeholder analysis (see 7.2)
Table A.1 – Stakeholders for a government project
33 A.2.2 External and internal context (see 7.3.4)
Table A.2 – Stakeholders and objectives for a ship upgrade
Table A.3 – Stakeholders and communication needs for a civil engineering project
34 Table A.4 – External context for an energy project
35 A.2.3 Risk management context (see 7.3.4)
A.2.4 Risk management context for a power enhancement project
Table A.5 – Internal context for a private sector infrastructure project
36 A.2.5 Risk criteria (see 7.3.5)
A.2.6 Key elements (see 7.3.6)
Figure A.1 – Risk management scope for an open pit mine project
Table A.6 – Criteria for a high-technology project
37 Table A.7 – Key elements for a communications system project
38 A.2.7 Risk analysis (see 7.4.3)
Table A.8 – Key elements and workshop planning guide for a defence project
Table A.9 – Key elements for establishing a new health service organization
39 Table A.10 – Example consequence scale
40 Table A.11 – Example likelihood scale
Table A.12 – Example of a matrix for determining the level of risk
42 A.2.8 Risk evaluation (see 7.4.4)
A.2.9 Risk treatment (see 7.5)
Figure A.2 – Distribution of costs using simulation
Table A.13 – Example of priorities for attention
43 A.2.10 Risk register (see 7.4.2 and 7.7.4)
Table A.14 – Example of a treatment options worksheet
Table A.15 – Simple risk register structure
44 Bibliography

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BS EN 62198:2014
$189.07