Identify Risks
Figure 22: Identify Risks: Inputs, Tools and Techniques, and Outputs. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide), (5th Edition)" by Project Management Institute, 2013, p. 319. Newton Square, PA: Project Management Institute, Inc. Reprinted without permission
Figure 22: Identify Risks above depicts all the possible inputs tools and techniques resulting in Risk register.
11.2 Identify Risks
Process Definition
Risk identification is a process utilized to determine "how hot or how cold "a risk may affect a project. Risk identification utilizes previous lessons learned documents on risk. The benefit of categorizing risks and documenting the effects of these risks in a project provides the project team a leg up on identifying and anticipating risks.
Process Assessment
Risk identification is an ongoing continuous process and requires active participation and ownership from stakeholders, the project team, and the project manager. Upfront risk strategies involve multiple techniques in gathering information to determine possible scenarios and countermeasures. Utilizing risk tools will further identify and categorize identifiable risks. Uncertain and unknown risks appear as the project cycles and these risks are identified analyzed and dealt with upon their appearance.
Identify Risks
11.2.1
Input
The Project Schedule in PGMT 501, Paws for Adoption is an input for this process to perform risk identification.
11.2.2
Tools and Techniques
Categorizing and Documenting Risks 613:
This paper discusses the importance of uncovering and planning for risk and breaking each risk into a risk breakdown structure. What is the impact? What questions one should ask to categorize the risk? This is a technique used to query and identify risks.
11.2.3
Outputs
In PGMT 613, the Risk register is the output that defines risk impact.