Risk Assessment

Risk assessment is the problem definition stage of risk management, the stage that identifies and analyzes program issues in terms of probability and consequences, and possibly other considerations (e.g., the time to impact). The results are a key input to many subsequent risk management actions. It is often a difficult and time-consuming part of the risk management process. There are no quick answers or shortcuts. Tools are available to assist evaluators in assessing risk, but none are totally suitable for any program and are often highly misleading if the user does not understand how to tailor and apply them or interpret the results. Despite its complexity, risk assessment is one of the most important phases of the risk management process because the caliber and quality of assessments can have a large impact on program outcomes. The components of assessment—identification and analysis—are performed sequentially.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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