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11 - PROJECT RISK MANAGEMENT
11.3.1.3 risk register
Described in Section 11.2.3.1. The risk register contains the information that will be used to assess and prioritize
risks.
11.3.1.4 Enterprise Environmental Factors
Described in Section 2.1.5. Enterprise environmental factors may provide insight and context to the risk
assessment, such as:
• Industry studies of similar projects by risk specialists, and
• Risk databases that may be available from industry or proprietary sources.
11.3.1.5 organizational Process Assets
Described in Section 2.1.4. The organizational process assets that can influence the Perform Qualitative Risk
Analysis process include information on prior, similar completed projects.
11.3.2 Perform Qualitative risk Analysis: tools and techniques
11.3.2.1 risk Probability and Impact Assessment
Risk probability assessment investigates the likelihood that each specific risk will occur. Risk impact
assessment investigates the potential effect on a project objective such as schedule, cost, quality, or performance,
including both negative effects for threats and positive effects for opportunities.
Probability and impact are assessed for each identified risk. Risks can be assessed in interviews or meetings
with participants selected for their familiarity with the risk categories on the agenda. Project team members and
knowledgeable persons external to the project are included.
The level of probability for each risk and its impact on each objective is evaluated during the interview or meeting.
Explanatory detail, including assumptions justifying the levels assigned, are also recorded. Risk probabilities
and impacts are rated according to the definitions given in the risk management plan. Risks with low ratings of
probability and impact will be included within the risk register as part of the watch list for future monitoring.
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Licensed To: Jorge Diego Fuentes Sanchez PMI MemberID: 2399412
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