Risk identification

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(Created page with "=Risk identification - basic methods= ==Methods== ===Documentation review=== *Collect, review and understand the content of the relevant documents *Set focus on scope, cost,...")
 
(Diagramming techniques)
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*Cause and effect diagrams (fish-bone diagram): aids finding causes of the risks.
 
*Cause and effect diagrams (fish-bone diagram): aids finding causes of the risks.
  
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[[File:Risk identification.png|frameless|center|1000px]]
  
 
(more: https://www.mindtools.com/pages/article/newTMC_03.htm)
 
(more: https://www.mindtools.com/pages/article/newTMC_03.htm)

Revision as of 12:26, 13 August 2017

Contents

Risk identification - basic methods

Methods

Documentation review

  • Collect, review and understand the content of the relevant documents
  • Set focus on scope, cost, time and quality.
  • Identify assumptions and constraints, and review them.
  • Review the quality of documentation based on completeness and consistency

Information gathering

  • Brainstorming: Goal is to create a list of risks with the involvement of the project team, experts and stakeholders.
  • Delphi technique: Experts participate anonymously in a questionnaire, the responses are summarized and results recalculated and the expert facilitator provides comments. Helps reduce bias in the data and prevents participants influencing each other.
  • Interviews: experts, stakeholders, experienced project managers

Checklist and risk catalogues

  • Risk identification checklists based on prior project’s data
  • The lowest level of the risk breakdown structure can be used as a framework for te checklist
  • It is impossible to build an exhaustive checklist

Assumption analysis

  • Studies the validity of the assumptions present in the project.
  • All assumptions should be explored and reviewed.
  • Changes and new assumptions should be recorded
  • Focus should be placed on assumptions that impact project objectives

Diagramming techniques

  • Cause and effect diagrams (fish-bone diagram): aids finding causes of the risks.
Risk identification.png

(more: https://www.mindtools.com/pages/article/newTMC_03.htm)

  • Root-cause analysis: reorganizing the identified risks by root causes can help unveil more risks.
  • System or process flow charts: shows how elements in the project interrelate.
  • Influence diagrams: represents causal influences among project variables, timing and the relationship among project variables and outcomes
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