Using "key risk parameters" to categorize risk.

Governance Risk Management

Thomas Andrews Project & Risk Management Consultant| PM/RM Works Long Beach WA, United States

Is anyone using or defining "key risk parameters" that are aligned with an enterprise, program or project's strategic objectives to categorize risk?

Posted: Dec 28, 2014 11:58 PM

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Mohamed Sobair Principal Solution Architecture| Freelance Riyadh, Riyadh, Saudi Arabia

Yes, Normally, the Registered Risks should be Qualitatively analysed with High/Normal & Low Risk Categories & the Impact associated with it before it goes into Risk Response Planning.

Risks that identified but has not been analysed nor a risk response planned for are kept in a " watch list ", those are be monitored through the project life Cycle.

Posted: Dec 30, 2014 1:52 AM

Suhail Iqbal Suhail Iqbal PMIATP CIPM FAAPM MPM MQM CLC CPRM SCT AEC SDC SMC SPOC PRINCE2 MCT| PM Training School Rawalpindi, Punjab, Pakistan

This probably is part of project governance where we inherit such key risk parameters from the organizational risk policy.

Posted: Sep 5, 2015 9:45 PM

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Using "key risk parameters" to categorize risk.

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