Identify Risks is the process of identifying individual project risks as well as sources of overall project risk, and documenting their characteristics. This process is performed throughout the project.

INPUTS

Project management plan
• Requirements management plan
• Schedule management plan
• Cost management plan
• Quality management plan
• Resource management plan
• Risk management plan
• Scope baseline
• Schedule baseline
• Cost baseline
Project documents
• Assumption log
• Cost estimates
• Duration estimates
• Issue log
• Lessons learned register
• Requirements documentation
• Resource requirements
• Stakeholder register
Agreements
Procurement documentation
Enterprise environmental factors
Organizational process assets

TOOLS & TECHNIQUES

Expert judgment
Data gathering
• Brainstorming
• Checklists
• Interviews
Data analysis
• Root cause analysis
• Assumption and constraint analysis
• SWOT analysis
• Document analysis
Interpersonal and team skills
• Facilitation
Prompt lists
Meetings

OUTPUTS

Risk register
Risk report
Project documents updates
• Assumption log
• Issue log
• Lessons learned register

Create Project Management Tasks

In the Planning list, representing Planning Process Group, create the Identify risks task and subtasks corresponding to the output of the Identify Risks process:

  • Develop risk register
  • Develop risk report
  • Update project documents

Create Project Management Documents

In the Docs section, create the output documents:

  • Risk Register
  • Risk Report

The risk register captures details of identified individual project risks. The results of Perform Qualitative Risk Analysis, Plan Risk Responses, Implement Risk Responses, and Monitor Risks are recorded in the risk register as those processes are conducted throughout the project.

On completion of the Identify Risks process, the content of the risk register may include but is not limited to:

  • List of identified risks
  • Potential risk owners
  • List of potential risk responses

The risk report presents information on sources of overall project risk, together with summary information on identified individual project risks. The risk report is developed progressively throughout the Project Risk Management process. The
results of Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, Implement Risk Responses, and Monitor Risks are also included in the risk report as those processes are completed. On completion of the Identify Risks process, information in the risk report may include but is not limited to:

  • Sources of overall project risk
  • Summary information on identified individual project risks

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