Risk Assessment Model
Keith J Cunnigham pg.173
Step 1 : Do a pre-mortem of your project - what are the possible problems due to which this new project can derail?
Step 2: Using your best estimate, assign a probability of occurrence of risk
Step 3: Determine the cost of Risk : Low cost, Medium or High cost
Step 4 : For each risk, assess if Risk is : controllable, manageable, uncontrollable
Step 5 : Assess the probability of occurrence of Risk : use bubble size to represent