Risk Management Techniques

 Identify Risks - Techniques

-          SWOT Analysis (Strength, Weakness, Opportunities, Threat)

-          Checklists (Organization Risk Checklist used commonly to refer)

-          Lessons Learned (Check for Similar Previous Project)

-          Subject Matter Experts (Speak to the experts and identify risks in Projects)

-          Documentation Review (Check for Similar Previous Project)

-          Brainstorming

-          Delphi Technique (Involve group of people anonymously, Share the questionare and answer )

-          Assumptions Analysis (Identifying assumptions, Analyze, Can result in identification of new risks)

-          Influence Diagrams (Draw a decision network and identify the important risks)

Risk Analysis

-          Risk Probability and Impact Assessment

-          Probability and Impact Matrix

Control Risk - Techniques

-          Risk Reassessment

-          Risk Audits

-          Variance and Trend Analysis

-          Reserve Analysis

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#RiskManagement ,  #RiskTechniques , #RiskAnalysis