Project Risk Assessment.

DOE-STD-1178-2004

15.

A Technical Program Manager shall have a working level knowledge of Project

Risk Assessment.

Supporting Knowledge and/or Skills

Perform an assessment of project risks that identifies critical systems, subsystems,

and other factors that require focused work and resolution.

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

Evaluate the assessed level of risk.

Describe the basis for the risk assessment.

Identify the critical project elements that contribute to the risk.

Identify the consequences of the risk.

Identify activities and alternatives to minimize the risk.

Identify the stage(s) of the project in which the risk exists.

16.

A Technical Program Manager shall have a working level knowledge of financial

management practices and application of resources necessary to integrate and

apply program resources to meet commitments as described in Department of

Energy (DOE) Guide 430.1-1, Life Cycle Asset Management.

Supporting Knowledge and/or Skills

Define the term "Work Breakdown Structure" and discuss the process for

developing one.

Define and compare the terms "cost estimate" and "budget."

Describe the process for preparing cost estimates and budgets.

Define and explain the relationship between the following terms:

Budgeted cost of work scheduled (BCWS);

Budgeted cost of work performed (BCWP);

Actual cost of work performed (ACWP); and

Earned value (EV).

Describe and compare labor and non-labor costs necessary to integrate and apply

program resources to meet commitments.

Describe and compare direct and indirect costs.

Discuss methods of reducing indirect costs.

Discuss the importance of determining the measure for work performed before work

starts.

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

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