Use the
Project Risk Assessment
form to evaluate the likelihood of completing a project on time.
The
Project Risk Assessment
answers the following questions.
Are the scopes of the
potential projects adequately defined?
Does the process have ongoing
defects?
What is the likelihood that a
proposed project can be completed on time?
What is the likelihood that
the necessary resources for the proposed project will be available? This could
include capital investments, support from external organizations, and team
resources.
What is the likelihood that
the projected benefits will accrue as predicted?
Are there any potential issues
to consider, such as regulatory approvals and marketplace concerns?
How-to
Complete the
Project Risk Assessment
as a team exercise. Ensure you have team members representing various functions
of your process.
Assign relative importance,
or weight, to each criteria. Use a 1-9 scale, where 9 is a high-risk factor and
1 is a low-risk factor.
Use the following scale to
rate the impact of each risk factor on the project.
Yes = 1
Probably = 3
Maybe = 4
Probably Not = 5
No = 10
Sum all the ratings to
obtain a total risk assessment value, which reflects the risk of timely and
beneficial project completion.
