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Documenting Project Risks

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Identify two elements used in documenting project risks. Discuss usage techniques and recommended frameworks.

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Solution Summary

A discussion regarding two elements used to document project risks including the Risk Assessment Matrix (RAM) and Risk Assessment Data Sheet. Also a discussion regarding the use and techniques of each. 278 words, 2 references.

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Identify two elements used in documenting project risks. Discuss usage techniques and recommended frameworks.

Risk Assessment Matrix (RAM) - The Risk Assessment Matrix is one way to document project risks and this matrix allows the project manager to identify the project risks as well as rank them into different categories based on their potential impact to the project (Michigan State University, 2012). They can be ranked as severe, moderate, low or something to that effect that allows everyone who will view the matrix to understand which risks are ...

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