Risk Assessment

Overview

Risk assessment is a systematic process for identifying, analyzing, and planning responses to project risks. Evaluate technical, business, resource, and external risks, score by likelihood and impact, and define mitigation strategies and contingency plans to manage project uncertainty.

When to Use This Skill

This skill should be used when:

• Identifying risks in new project plans
• Assessing technical and architectural risks
• Evaluating business and market risks
• Planning risk mitigations and contingencies
• Creating risk registers for projects
• Monitoring and updating risk status

Visual Enhancement with Project Diagrams

When documenting risk assessments, include visualizations.