11.2 Identify Risks

Data Gathering Processes

-Brainstorming -Checklists -Interviews

List of Identified Risks

Are described in as much detail as required to ensure understanding. Each individual project risk is given a unique identifier in the risk register.

Risk Register

Captures details of identified individual project risks.

Which of the following best describes how risk checklists are developed?

Developed based on historical information and knowledge that has been accumulated from similar projects.

SWOT Analysis

Examines the project from each of the strengths, weaknesses, opportunities, and threats perspectives. Also examines the degree to which organizational strengths may offset threats and determines if weaknesses might hinder opportunities.

Assumption and Constraint Analysis

Explores the validity of assumptions and constraints to determine which pose a risk to the project.

Prompt List

Is a predetermined list of risk categories that might give rise to individual project risks and that could also act as sources of overall project risk.

Root Cause Analysis

Is typically used to discover the underlying causes that lead to a problem, and develop preventive action.

Risk Report

Presents information on sources of overall project risk, together with summary information on identified individual project risks.

A thorough analysis of the ____________________ will help identify potential risks to the project.

Risk identification checklist based on historical information and knowledge.

Document Analysis

Risks may be identified from a structured review of project documents.

Examines the degree to which organizational strengths offset threats, as well as identifies opportunities that may serve to overcome weakness.

SWOT Analysis

Identify Risks

The process of identifying individual risks as well as sources of overall risk and documenting their characteristics.