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• *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
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.
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.
Very useful information provided by Hassan
Thanks for the invitation and well explained
Thanks for the information
With greetings and appreciation
Thanks for the invitation. Useful Information
Than you for useful info............................................
