Project Management — Identification Phase: (3 of 4) — Risk Analysis

Learn how to perform risk assessment. Assess the risks associated with the project. A project with high risk may imply a higher chance that it will end with a failure.

What is Risk Analysis in Project Management?

Risk Analysis is a key project management practice to ensure that the least number of surprises occur while your project is underway. While we can never predict the future with certainty, we can apply a simple and streamlined risk management process to predict:

• The uncertainties in the projects and minimize the occurrence or impact of these uncertainties.
• This improves the chance of successful project completion and reduces the consequences of those risks.

Learning More Project Management — Automated Deliverable Development Using Visual Paradigm