Practical sheet | REF: FIC0877 V1

Update the project's risks and opportunities (R & O) analysis

Author: Jean-Pierre PAYRE

Publication date: February 10, 2023 | Lire en français

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2. Structuring risk analyses

Risk analysis as described by PMI in its "Project Management Body Knowledge (PMBOK Guide)", and more specifically in the "Project Risk Management" Practice Standard, introduces the following methodology.

The aim of risk identification is to:

  • draw up as complete a list of risks and opportunities as possible;

  • characterize the risks and opportunities (R&O) of the list in line with the knowledge acquired about the project.

The aim of the risk and opportunity assessment is to :

  • provide an R&O rating that respects the organization's value system and, of course, legal or regulatory constraints; the previous list will be "qualified";

  • prioritize individual R&O...

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