What is Risk Breakdown Structure (RBS)?

In project management, the Risk Breakdown Structure (RBS) is similar to a large family tree, except instead of family members, it categorizes and arranges all the hazards that your project may face. It’s a method of categorizing and categorizing dangers based on their commonalities, much like branches on a tree. Risks associated with technology, finances, people, or specific project phases may fall into one of these categories. Similar to how a family tree helps understand links among family members, structuring risks in this framework allows project teams to grasp the overall picture of possible problems, making it simpler to manage and solve them efficiently.