When determining risk assessment, you are trying to examine whether the identified risks are acceptable in the proposed actions you' ve laid out over the course of the project. A commonly heard term in the halls of project managers is showstopper—anything that can completely sidetrack a project. Risk assessment involves putting on your Amazing Karnak persona and trying to foretell what the showstoppers are likely to be in the project at hand. Some are obvious: hardware expense, software development costs, expensive consulting help. Others are elusive, such as security considerations or the "a miracle happens here" phenomenon.
Was this article helpful?