Maximum number of risks in RiskyProject Enterprise?

This forum focus on project portfolio risk management theory and RiskyProject Enterprise software. Submit any questions about enterprise risk management, and qualitative / quantitative risk analysis for multiple projects

Moderator: Intaver Support

Tomico
Posts: 36
Joined: Thu May 18, 2006 4:02 pm
Location: Naples, FL

Maximum number of risks in RiskyProject Enterprise?

Postby Tomico » Wed May 18, 2016 2:03 pm

What is the maximum number of risks?

Intaver Support
Posts: 713
Joined: Wed Nov 09, 2005 9:55 am

Re: Maximum number of risks in RiskyProject Enterprise?

Postby Intaver Support » Wed May 18, 2016 2:12 pm

Theoretically there is no maximum number of risks. However, the question is what value is being produced by having hundreds of risks listed in your risk register. The reason why we list them is so that they can be managed, and it is if not impossible, extremely difficult to manage hundreds of risks. With the example below, with much less than a hundred risks, already the Risk Matrix starts to become crowded and difficult to assess.

If it is the case that you do have hundreds of risks that have to be managed, it may be indicating that the project needs to be broken down into smaller more manageable subprojects. In this case, risks which only impact specific deliverables can be managed at the appropriate level: whereas, risks that can impact the entire program can be managed at a higher level. The is the underlying methodology behind RiskyProject Enterprise.

Image
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com


Return to “Project Portfolio Risk Management”

Who is online

Users browsing this forum: No registered users and 1 guest