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How to perform qualitative risk analysis?

• *The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact. • Enables project managers to reduce the level of uncertainty and to focus on highpriority risks. • Is usually a rapid and cost-effective means to prioritize risks for Plan Risk Responses process. • Lays foundation for Perform Quantitative Risk Analysis process, if required. • Is performed regularly throughout the project life cycle. • Tools and techniques used are: ◦ Risk probability and impact assessment ◦ Probability and impact matrix ◦ Risk data quality assessment ◦ Risk categorization ◦ Risk urgency assessment ◦ Expert judgment 

ENG. Hassan shalaby

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Question added by hassan shalaby , اخصائي تسويق ومبيعات، ومدرب مهارات معتمد من جامعة نوتنجهام بالمملكة المتحدة وجامعة عين شمس بالقاهرة , Galal Al , Sharif _Trading
Date Posted: 2016/12/27
Deleted user
by Deleted user

the last phase of risk analysis is observe and adjust. On this phase throughout the operations of the project, a risk manager will look for threats or weaknesses in some areas of the plan and adjust based on it. 

Abdul Jaleel Ahamed Ibrahim Abdul Jaleel Ahamed Ibrahim
by Abdul Jaleel Ahamed Ibrahim Abdul Jaleel Ahamed Ibrahim , OHSE Practitioner , CDM Smith lnc

Qualitative risk analysis will be identified with following.

+ Is there Risk Assessment committee formed and regularly preparing / reviewing the risk assessment   

+ How frequently the each risk assessment has reviewed.

+ Is there policy / target for standing duration for the risk assessment review period and followed accordingly

+ identify previous year / 6 months old near miss report for which is there revised risk assessment and its implemented. 

 

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

Very useful information provided by Hassan

Abdul Rehman
by Abdul Rehman , Electrical Engineer , Tamdeed Projects

Thanks for the invitation and well explained

Muhsin Mubarak
by Muhsin Mubarak , Marketing Communications Manager , Pulleys junction pvt. Ltd

Commonsense with experience

hisham abu dagga
by hisham abu dagga , Project Manager / مدير مشاريع , مؤسسة عبدالكريم العواض للمقاولات

Thanks for the information

 

With greetings and appreciation

 

Thanks for the invitation. Useful Information

DR MD ANWAR HOSSAIN
by DR MD ANWAR HOSSAIN , Moderator , bayt.com

Than you for useful info............................................