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Indy Risk School
Business Project Risk Assessment
The Business Project Risk Assessment factors are slightly different in the area of product risk but identical in the areas of team and target risk. Typically, the factors that impact the product risk vary from project to project. For example, the specific risks associated with developing a new Marketing campaign are different to those associated with implementing a Goods and Service Tax. However, there are some common risks. These include:
- the intrinsic complexity of the business product;
- the level of innovation;
- the stability of requirements;
- the required level of quality;
- the need for conformity to external or internal policy; etc.
This business or generic risk assessment procedure is suitable for all types of business projects and many IT projects that are not software related such as installing new networks.