"The process of determining which risks may affect the project and documenting their characteristics."
The definition shown above in italics is taken from the Glossary of the Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Fifth Edition, Project Management Institute Inc., 2013
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Fifth Edition, Project Management Institute Inc., 2013 Figure 11-56 Page 319
Information Gathering techniques:
All project personnel should be involved when identifying risks – risk planning workshop
Root cause analysis
Project management risks
Technical, quality or performance risks
Force Majeure – earthquakes, floods and civil unrest.
PM defines the scales and their meanings in the Risk Management Plan
Shows the relationship between variables and outcomes
This one shows the different influences on the decision path required for a product.
Content described in the Risk Management Plan:
Risk Register entries
Updated by other risk management processes
One Register for the project
Identifies and categorizes risks, potential risk response actions, triggers, escalation points.
A trigger is an early warning of imminent risk
Have you identified those risks yet?
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