Qualitative Risk Analysis Process

In this task, you will brainstorm and identify all potential risks that could occur during the project. Think about any uncertainties that could impact the project's success. Consider past experiences, industry trends, and potential scenarios. What risks are most likely to occur? What could go wrong? Note down all risks that come to mind.

This task involves gathering all the risk data collected from various sources. Analyze project documentation, consult subject matter experts, and review historical data. Capture all relevant information to get a comprehensive understanding of the risks. What specific pieces of information are important to document? What sources are you using to gather the data?

Now it's time to evaluate the potential impact and likelihood of each identified risk. Quantify the potential consequences on project outcomes and determine the probability of occurrence. Think about the worst-case scenario and the potential impact on project schedule, budget, and quality. What factors are you considering? How are you measuring impact and likelihood?

In this task, you will categorize each identified risk based on common characteristics or attributes. Grouping risks helps in understanding their nature and facilitates effective risk management. Think about different categories or classifications that make sense for your project. How are you grouping the risks? What criteria are you using?