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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3. Update the risk and opportunity analysis, like any other project document

The project's reference framework, which depends on the conditions under which it is set up (round-table discussions, requirements engineering, etc.), is drawn up by the project's key players. During this process :

  • the participants estimate the factors of slippage and promising anticipations in a global way;

  • coherent commitments are made by the project management team and ratified by the steering committee. They include margins to absorb risks or the cost of countermeasures that cannot be transferred to third parties, such as design and manufacturing margins, free or total program margins, and financial provisions.

In the same way, a schedule revision means confirming or modifying the main milestones, or confirming or modifying the duration of tasks.

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Update the risk and opportunity analysis, like any other project document