Questions tagged [risk]

Use this tag for questions about the recording, management and mitigation of project risk related to budget, schedule etc.

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15
votes
4answers
11k views

How do you measure risk?

As a related question to: What's the best definition and explanation of project risk? What is the most useful way of measuring risk? I've been thought it's best to measure it in additional monetary ...
16
votes
10answers
13k views

How to identify risks?

What risk identification methods you recommend to use? If a project manager needs to build a raw list of risks containing, say, 100 items, how would he/she do it? As I understand, brain storming is ...
36
votes
7answers
30k views

What's the best definition and explanation of project risk?

I've had trouble in the past explaining project risk to non-PMs. For me the key element I struggle to get people to accept is that a risk is something outside the control of those on the project (...
7
votes
5answers
9k views

How to calculate budget margin?

Say a work package (containing several tasks) is estimated to take between 320 (Most likely) and 480 (Worst case) hours of work (not duration) to complete. Because of some dependencies and the ...
5
votes
4answers
12k views

How is Risk Management in Agile Development Different From Risk Management in Waterfall Model?

In a typical project lifecycle, as a manager you are expected to have a risk plan which (please correct me if I'm wrong) consists of identifying, assessing and prioritizing all potential risks of the ...
6
votes
3answers
4k views

Should a Risk Management Plan include a Risk Register?

Is it within the scope of a Risk Management Plan document to include a Risk Register? Or should a Risk Register be created separately, and the plan merely state that a register will be created?