5. Prioritize

5.1 Quantify risks in terms of probability or uncertainty interval

You can assess the probability of a significant deviation, for example the probability of achieving or failing to achieve a result within a given timeframe.

You can also determine a range of uncertainty for a result. For example, you can announce a minimum and maximum completion time for an action.

Carry out an objective-by-objective analysis, or an activity-by-activity analysis. You can do this by grouping activities into families (for example, design, logistics, assembly, inspection, etc.).

Identify interdependent or outcome-dependent...