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Determining the highest priority risks

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Use of Results

The urgency assessment's primary application is in determining the highest priority risks. Although other assessment processes may generate a pool of the highest risks, urgency assessment serves as a triage process for establishing those risks that must be dealt with first. Moreover, viewing them from an historical perspective, the results are also used on postproject reviews to determine whether those risks initially deemed "high" and "urgent" actually were.

Summary

The urgency assessment provides one more filter for environments where a significant body of high risks exists. The need for supplemental filters in such environments is often driven by the sheer volume of risks and the team's ' inability to deal with all of them. The urgency assessment affords the ability to evaluate risks that must be handled first. It presents a clear understanding of what must be managed now as opposed to eventually.

Reference no: EM131899903

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