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Project Risk Identification - Coggle Diagram
Project Risk Identification
the purpose
to identify potential risks that could affect the success of the project.
Qualitative risk analysis
involves assessing risks in terms of their possible consequences using established criteria
Criteria
costs, official and prescribed requirements, socio-economic aspects and environmental factors, customer interests, priorities and other initial data for assessment
the purpose
determination of risk gradation according to their probability and consequences
in dividing risks into groups and arranging them in order of priorities.
Probability and Consequence Matrix
a tool that allows you to determine the risk ranking separately for each objective, for example, cost, time or content.
Risk rank
Helps manage risk responses
Quantitative risk analysis
the probabilities of risk occurrence and the extent of damage/benefit are assessed; Risks with high and moderate ranks are analyzed here.
The initial information
organizational process assets;
description of the project content;
risk management plan;
risk register;
project management plan.
Decision tree
describes the situation under consideration, taking into account each of the available choices and possible scenarios
Elements
Decision Points
points in time when a choice of alternatives occurs
The point of a random event
the moment in time when a random event occurs with one or another result.
Branches
lines connecting decision points with random event points.
Probabilities
numerical values located on the branches of a tree and indicate the likelihood of these events occurring.
The expected value
the quantitative expression of each alternative located at the end of the branch
responding to the emergence of negative risks
Risk aversion
The strategy is to completely eliminate the impact of risk on the project through changes in the nature of the project or the project management plan.
Transfer of risk
A risk transfer strategy also eliminates the threat of risk by transferring the negative consequences of the risk with responsibility for responding to the risk to a third party.
Taking risks
Strategy refers to the team's decision not to shy away from taking risks.
Risk reduction
A risk reduction strategy involves an effort to reduce the likelihood and/or consequences of a risk to acceptable limits.
Confirmation of project content
formal acceptance by project participants of the completed project scope and related deliverables.
Input information
description of the project content;
ISR Dictionary;
project scope management plan;
delivery results.
