Risk analysis is the process of identifying and assessing potential losses related to strategies, actions and operations. The following are common examples of risk analysis.
Risk IdentificationA product development team sits down to identify risks related to a particular product strategy.
Qualitative Risk AssessmentA project team determines the probability and impact for a list of identified risks according to a scale of high, medium and low.
Quantitative Risk AssessmentA mega project, models risks with a probability-impact matrix using reference class forecasting techniques.
Comparative RiskAn operations team uses risk assessments to compare three strategies for reducing unit costs.
Risk PrioritizationA project team uses risk assessments to decide which risks require treatment.
Risk TreatmentA firm that is implementing a large IT transformation project goes through each priority risk to either avoid, accept, mitigate, transfer or share each risk.
Risk CommunicationA project team communicates a high level overview of risk assessments and treatments to an executive team to set expectations about the level of risk associated with the project.
This is the complete list of articles we have written about risk management.
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A complete guide to risk analysis.
The common ways to model risk probability.
A definition of qualitative risk analysis with an example.
A definition of cost of risk with examples.
A definition of risk perception with examples.
The difference between a risk and a hazard with examples.
A list of threats for SWOT analysis.
The definition of what-if analysis with examples.
A list of common external factors.
A definition of risk exposure with example calculations.
An overview of the risk management process.
An overview of cascading failure and resilience.
An overview of business as usual.
A list of techniques for reducing risk.
The difference between risk mitigation and risk reduction.
A list of common risk controls.
A definition of risk value with example calculation.
The common types of risk impact.
A definition of risk communication with examples.
Overview of the steps in a risk management process.
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