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Chapter 3: Identifying Project Scope Risk > High-Level Risk Assessment Tools

High-Level Risk Assessment Tools

Technical project risk assessment is part of the earliest phase of project work, as mentioned in the discussion of the deliverable definition process earlier in this chapter. Even though there is usually little concrete information for initial project risk assessment, there are several techniques that provide useful insight into project risk even in the beginning stages. These tools are:

• Risk framework

• Risk complexity index

• Risk assessment grid

The first two are useful in any project that creates a tangible, physical deliverable through technical development processes. The third is appropriate for projects that have less tangible results, such as software modules, new processes, commercial applications, network architectures, or Internet service offerings. These tools all start with answering the same question: How much experience do you have with the work the project requires? How the tools use this information differs, and each builds on the assessment of technical risk in different directions. These tools are not mutually exclusive; depending on the type of project, more than one of them may be useful in characterizing risk.


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