Talk:Risk analysis

Reviewed by Choko

In the abstract you describe what your wiki will concern, but you don't say why. Why is your wiki important to companies or students? And where is it exactly you want to go with it? Is it suppose to be a tool that you can just start using right away on your own risk problems?

(Also Christian mentioned in class today that they prefer to call it a summary in stead of an abstract)

I think you should be aware of long sentences - I am bad at it too, that's why I'm so aware of it when others do it :)

It might be a good idea to visualize what you are talking about. Could you maybe add some models that are typically used within risk analysis or to illustrate risk analysis.

Would it be possible to turn some of your very many bullets into an illustration that you explain in stead? For me, it feels a bit confusing to look at the huge amount of bullets you have. Maybe you could illustrate the Input/Output part somehow.

"main article: Risk Management" - I would probably include this in the text, in stead of having it as the very first thing you see after the subheading
I do not quite understand what you mean by the sentence in the (); "but (in order to allow the full use of the wiki) not be described in detail."
"Risk analysis essentially chooses " i am not certain Risk analysis itself can choose anything - I think a human being has to choose :)

"Risk is mostly defined as a probability of losing something of a specific value, mathematically speaking; the probability of the event occurring multiplied by the potential value-loss = the risk." - I think I know what you mean by this sentence, but it might be you should consider if you should maybe part it up and try to make it slightly more eatable.
ISO Guide 73-2009 - I don't actually know this but wouldn't you add a little reference note on this one - and maybe in the references write what year it was made?
ISO 31000 - Same as the above point
The sentence with both these standars quoted is very long.

"Qualitative, Semi-quantitative and quantitative." - Capital letters all the way.
Is " guestimates" an actual word? Isn't it just called "guesses" or "best guesses" - I'm asking cause I don't know myself, but maybe you looked it up?

"Analysing risk has become an integrated part of working with forecasts as well as decisions or projects, programs and portfolios," - I am not certain I would put projects, programs and portfolios in the same category as decisions. It might also just be I don't understand the sentence right.
"The reason why risk is analysed with so many different methods to choose from, is because several different categories of risk exist, and yet there is a universal consensus that risk is best avoided, mitigated, minimised or negated." Is there some kinds of risk we shouldn't try to avoid? Is it relevant to mention what kinds of risk there is out there?

In general for this part of the wiki - would it make sense to add some models to describe what the idea is with the models?

How is brainstorming specifically related to risk analysis? (I think I might be able to guess, but I don't feel I can get it from the text) - I am thinking the same thing about some of the other bullets :)

Maybe you should try to have the question "how is this tool especially good for risk analysis" with you?