MyPMP

Description

Assessment of Other Risk Parameters
 
Some of the characteristics of the risks are- It is used to find the other characteristics in addition to the probability and impact of the risks. These are used to prioritize and organize them for further analysis

Urgency. Risk response period. A short period implies high urgency.
 
Proximity. How quickly the risk will impact. A short period implies high proximity.
 
Dormancy. Time elapses after risk. A short period implies low dormancy.
 
Manageability. How easy to manage the risk.
 
Controllability. How easy to control the risk.
 
Detectability. How easy to detect the risk.
 
Connectivity. How much the risk is related to other risks.
 
Strategic impact. Impact on organizational goals (positive and negative)
 
Propinquity. To what extent the risk is perceived by different stakeholders.
 
It belongs to the tool category – Data analysis
 

Where it is Used

 
Process Groups
 

This tool is used in the following Process Group(s) during the project management.

Planning
 
Knowledge Areas
 

This tool is used in the following Knowledge Areas during project management.

Project Risk Mgmt.
 
Activities
 
This technique is used while performing the following project management activities by the project manager and the team.
 
Perform Qualitative Risk Analysis
 
Process Group
Knowledge Area
Activity
Planning
Project Risk Mgmt.
Perform Qualitative Risk Analysis
 
 
 
Copyrights Reserved (MyPMP)
 

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  3. STAKEHOLDER ENGAGEMENT ASSESSMENT MATRIX – PMP Tools and Techniques
  4. ROOT CAUSE ANALYSIS – PMP Tools and Techniques
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Kailash B is a project management expert. He is passionate about helping people to excel in project and product management, become PMP certified, and progress in their management careers.

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