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Common Information Gathering Techniques

The common types of Information Gathering Techniques include:

• Brainstorming
  Used to identify overall project risks or may focus in on the risks within a particular project segment or work package.
  
  
• Delphi technique
  Generate a consensus among project risk experts who anonymously submit their risk list to a facilitator.
  
  
• Interviewing
  Used to get information from people with a wide experience across many projects, such as stakeholders, team members, project manager, etc.
  
  
• Stregths, Weakness, Opportunities and Threats (SWOT) Analysis
  Examines the project from the perspective of strengths, weaknesses, opportunities and threats.

Risk Categories in Project Risk Management

Risk Categories can be classified as:

Technical, quality or performance risks

• Technical changes
• Changes to industry standards during the project
• Reliance on unproven or complex technology
• Unrealistic performance goals

Project Management Risk

• Inadequate time and resources allocation
• Ineffective project plan development
• Poor cost estimates

Organization Risk

• Resource conflicts with other projects
• Inadequate project funding
• Inconsistent management support

External risks

• Union Issues
• Changes of Management in customer's organization
• Country security issues
  

Risk Identification in PMP

Risk identification is the process of identifying and documenting the characteristics of project risks. It involes:

• Review the risk management plan, risk categories and any historical information.
• Perform analysis.

Introducting How to Create a Risk Management Plan

Risk Management Planning is the process of deciding how to approach and plan the risk management activities for a project. It consists of the following steps:

• Determine and Organise Project Risk Managment Team.
• Establish a budget for risk management.
• Compiles the organisation policy and government standard.
• Descibes the approaches, tools and data sources.