How to identify risk associated with projects.

Question

Accepted Answer

Identifying project risks involves assessing potential threats and uncertainties that may impact project objectives.

Conduct a thorough project analysis to identify potential risks
Review historical data and lessons learned from similar projects
Engage stakeholders to gather their insights and perspectives
Perform a SWOT analysis to identify internal and external risks
Utilize risk assessment techniques such as brainstorming, checklists, and risk matrices
Consider both known and unknown risks
Prioritize risks based on their potential impact and likelihood
Develop risk mitigation strategies and contingency plans
Regularly monitor and reassess risks throughout the project lifecycle

Accepted Answer

Every month monitor risk register with different parameters associated with risk in engineering, procurement,construction,additional scope as per project value and duration.

How to identify risk associated with projects.

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