Saturday, November 29, 2008

Risk Analysis for Projects








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posted by Frank M @ 4:40 PM, Read More...  
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1 Comments:

At 9:47 AM, Anonymous Pawel Brodzinski said...

I don't fully agree on proposed risk-type quadrant. Most of the time risks given as an example in institutional risks section have low probability. What more, vast majority of risks with the highest probability are project specfic.

For me the better risk classification is would be breaking project risks into those which have high probability and high impact (e.g. lack of knowledge in specific technology) and those with high probability and low impact (e.g. adding a single feature to the specification by the customer). You deal differently with those kinds of problems.

I agree that dealing with disasters and most of institutional risks are the task for senior management. However as I've stated before usually none of them are on the top of risk list. If they are, well, your project is in real trouble.

 

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