3. • Risk analysis tool used to identify risks
• The practice standards refers to checklists as a “creativity
technique” (PMI, 2008)
• Checklists serve as a source of historical review
• Checklists establish a projects’ documentation
• Helps identify data/information/studies from similar projects or
similar organizations
The purpose of Checklists in
Risk Management
4. A checklist can be presented in the form of a questionnaire
Example:
• Have Is the budget confirmed?
Checklists Risk Management –
Samples and Techniques
5. A checklist can be used with the RBS
Example:
• Checklists structured around the RBS help identify risks relevant
to the project.
Checklists
Risk Management – Samples and Techniques
6. A checklist can be added to and sourced from a database
Checklists
Risk Management – Samples and Techniques
7. • Review the checklists
• Answer the questions
• Apply or communicate the guidance
Checklist Analysis
Application
8. Checklist Pros:
Low use requirements
not budget reliant
Flexible tool with broad applicability
Ease of use
High accuracy rate
Checklist Analysis
Pros
9. Checklist Cons:
• It is impossible to list all risks
• The quality of the checklist depends on the data input in the list
• The checklist can discourage original thinking
Checklist Analysis
Cons
16. Bibliography
Ritter, Donna. 2011. Identifying Risks in Your Project. Accessed
from:
http://certifedpmp.wordpress.com/2008/10/13/identifying-
risks-in-your-project/
Li, Lei. March 2013. The Impact of Risk Checklists on Project
Manager’s Risk Perception and Decision Making Process.
Columbia State University. Conference Paper.
Project Management Institute 2008. A Guide to the Project
Management Body of Knowledge, Fourth Edition (Project
Management Institute. Kindle Edition. PMI (2008),
Mind tools. Risk Impact/Probability Chart Learning to Prioritize
Risks. Retrieved from
http://www.mindtools.com/pages/article/newPPM_78.htm
Practice Standard for Project Risk Management. Project
Management Institute.
Pritchard, C. (2010). Risk management: Concepts and
guidance. Arlington, VA: ESI International.