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4 Tutorials that teach Classifying and Recording Risks
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Classifying and Recording Risks

Classifying and Recording Risks

Author: Christa Hardy
Description:

This lesson provides an overview of identifying and classifying project risks.

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Tutorial
TERMS TO KNOW
  • Risk Register

    A living document that records project risks during the life-cycles of a project.

  • High Probability Risks

    Risks that are very likely to occur and therefore need to be watched closely or mitigated to reduce project impact.

  • High Impact Risks

    Risks that would severely impact project success and potentially kill a project from advancing.

  • Risks

    Identified occurrences that if they occur will have a negative impact on project scope and project success.

  • Risk Matrix

    A technique to analyze the impact and probability of each potential risk that is used to determine if actions are required to mitigate a risk.