Project Risk Assessment

DOE-STD-1157-2002

d. Describe and compare labor and non-labor costs.

e. Describe and compare direct and indirect costs.

Discuss methods of reducing indirect costs.

g. Discuss the importance of determining the measure for work performed before work starts.

h. Describe methods for measuring work performed.

Discuss schedule and cost variance.

Given actual project management documentation and data, identify budgeted cost of work

scheduled, budgeted cost of work performed, actual cost of work performed, and determine the

schedule variance and cost variance.

k. Describe the types of Earned Value and how they are measured.

Explain what is meant by the term "baseline" as it relates to project management.

m. Describe the types of data required to forecast cost and schedule performance.

n. Define the term "Life Cycle Cost Estimate."

o. Given sample data, calculate "Life Cycle Cost Estimate."

p. Discuss the importance of formal change control with regard to project management.

q. Discuss the use of strategic planning, and how such planning relates to ongoing operations and

safety of operations.

25. Environmental restoration shall demonstrate familiarity-level knowledge of Project Risk

Assessment.

Supporting Knowledge and/or Skills

a. Perform an assessment of project risks that identifies critical systems, subsystems, and other

factors that require focused work and resolution.

b. Identify the types of risks that are addressed in a project risk assessment.

c. Evaluate the assessed level of risk.

d. Describe the basis for the risk assessment.

e. Identify the critical project elements that contribute to the risk.

Identify the consequences of the risk.

g. Develop activities and alternatives to minimize the risk.