SWOT Analysis for Risk Identification

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SWOT Analysis –acronym stands for Strengths, Weaknesses, Opportunities, Threats. It’s a great tool to use in a group – either in a facilitated session or as a brainstorm .This method is very helpful for identifying risks within the greater organization context. Strengths and weaknesses are generally related to issues that are internal to the organization. […]
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Assumptions, Assumptions Analysis and Assumptions Testing

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Assumptions are an important part of any project. Assumptions usually require some type of follow-up or validation in order to determine whether or not they will impact the project. No-one can predict future with perfect certainty, this is the reason we keep guessing while making decisions in our projects, businesses and life in general. These […]
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“Force Field Analysis” adaptation for Risk Identification

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“Practice Standard for Project Risk Management’’ defines Force Field Analysis as below: “Force Field Analysis is typically used in the change management context. It can be adapted for risk identification by identifying driving forces (“forces for change”) and restraining forces (“forces against change”) which currently affect achievement of a project objective. Risks can then be […]
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Crawford slip method – Highly effective technique in Risk Identification…

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Crawford Slip method is a simple, common and effective information gathering technique in Risk Identification. As compared to other techniques, it requires minimal amount of time, equipment, and training. C.C. Crawford developed the Crawford Slip Method at the University of Southern California in 1926. The Crawford Slip Method is a simple yet effective type of […]
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Cognitive Bias might affect decision making

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What do we mean by Bias??? “Practice Standard for Project Risk Management” defines Bias as “During information gathering about risk, the source of information exhibits a preference or an inclination that inhibits impartial judgment.” Bias in risk data can occur for many reasons, but two common sources of bias are Cognitive Bias and Motivational Bias. […]
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