Project Management Central

Please login or join to subscribe to this thread

Topics: Risk Management
Urgency, Proximity and Dormancy as risk prioritization factors
Network:0



Dear Friends,

Need some clarity on Urgency, Proximity and Dormancy as risk prioritization factors. For me its confusing. Request some insights on this with examples please.
Sort By:
Network:1164



These are all related to timing of the risk being realized. Basically, is the train miles away or round the corner, and is the big hungry wolf sleeping or wide awake...

Kiron
Network:500



@narendera yadav -Some projects classify risks as within 7 days; over 7 days. That's example of proximity .
Bird hits are something a pilot can never escape, because it takes less than a second to react. Thats example of urgency.
If you update cost baseline, only once in 3 months, you might allow risks to lie latent for too long and suddenly one fine morning find an explosive situation. Thats dormancy - a risk that lies latent for too long.

Please login or join to reply

Content ID:
ADVERTISEMENTS

I'd rather be a failure at something I love, than a success at something I hate.

- George Burns

ADVERTISEMENT

Sponsors

Vendor Events

See all Vendor Events