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Simple Guide To Understand Project Risk

Published on Nov 21, 2015

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PRESENTATION OUTLINE

1.

SIMPLE GUIDE TO UNDERSTAND RISK

THE 3 QUESTIONS TO ASK
Photo by Ben Cooper
2.

PROXIMITY

WHEN IS THE RISK LIKELY TO HAPPEN
Photo by Mancha Extraña
3.

PROBABILITY

WHAT IS THE CHANCE OF THE RISK HAPPENING
Photo by Scott Wurzel
4.

IMPACT

IF IT HAPPENS HOW BAD COULD IT BE
Photo by slinky2000
5.

SCORE FROM 1 TO 3

  • Score probability
  • Score impact
  • 1 is low 3 is high
  • Multiply the two together
Photo by minnepixel
6.

ANSWER

  • 1 or 2 Low Risk
  • 3 or 4 Medium Risk
  • 6 or 9 High Risk
Photo by mariskar
7.

NOW MITIGATE

REDUCE THE LIKELIHOOD OF THE RISK HAPPENING AND LESSEN THE IMPACT
Photo by Big Giant Squirrel

Barry Hodge

Haiku Deck Pro User
ProjectNewsToday.com

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