Gartner Research

Project Risk: Expect the Unexpected

Published: 17 November 2010

ID: G00208843

Analyst(s): Matt Light

Summary

A formula-based approach to risk assessment, accompanied by a risk dashboard that is regularly updated, will help management fully understand and control a wide range of project risks. We describe the use of a risk index built by assessing risk in seven categories.

Table Of Contents
  • Overview

Analysis

  • Compare Projects' Risk Indexes, and Track Risks Throughout
    • Complexity Risk: How Many "Moving Parts" Are There to the Project?
    • Technology Risk: Are the Chosen Technologies Reliable?
    • Operational Risk: Will the Deliverable Provide Benefits That Outweigh the Total Costs of Operation?
    • External Risk: Are External Conditions Stable and Predictable?
    • Organizational Risk: Will Weak Sponsorship or Inertia Undermine Delivery?
    • Schedule Risk: Will a Timeline Realistically Yield Promised Benefits?
    • Financial Risk: Are Budget "Guesstimates" Carved in Stone?

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