Assessment of other risk parameters
by Nate Brummer | May 28, 2021
Assessment of other risk parameters
The project team may consider other characteristics of risk (in addition to probability and impact) when prioritizing individual project risks for further analysis and action. These characteristics may include but are not limited to: Urgency, proximity, dormancy, manageability, controlability, detectability, connectivity, strategic impact, and propinquity. The consideration of some of these characteristics can provide a more robust prioritization of risks than is possible by only assessing probability and impact.
