Join Bob McGannon for an in-depth discussion in this video Understanding risk-identification methods, part of Managing Project Risk.
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You cannot fix what you don't understand.…Moving forward on a project…without performing appropriate risk identification…is like heading out on a hike…in the wilderness without a GPS or a map.…It is easy to get yourself quite lost…when you encounter the unexpected.…Risks represent the unexpected in my hiking analogy.…Different types of projects have different risks,…and if you don't know your risks,…what the probability of them occurring,…and the impact they'll have,…it is impossible to manage them effectively.…
So, conducting an appropriate risk…identification process is crucial.…Here are three risk identification approaches…that I recommend for use on your projects.…The first approach is to hold a brainstorming session,…which is also known as a risk workshop.…As they say, several heads are better than one,…and this holds true when it…comes to identifying project risk.…For these workshops, however,…don't limit yourself to your project team.…It's a good idea to involve your key…stakeholders, sponsor, and maybe other…
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- Incorporating risk management into your project
- Identifying risk
- Categorizing risks
- Performing qualitative and quantitative risk analysis
- Building a risk-response plan
- Deciding when to execute a risk-response plan<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.