Conducting Risk Urgency Assessment for Projects
A Risk urgency is an assessment that shows risks that requires urgent attention of the Project Manager.
Risk Urgency assessment can also be seen as the task of evaluating project risk and prioritizing them based on their urgency. The assessment may also include specific information on timing for responding to each risk.
A typical example…
Helen is managing a small construction project. During project execution, he identified that the building ‘s scaffolding is inadequate, which may lead to a final accident on site. This risk will require immediate action while other tasks such as unavailability of resources and weather threats, though equally important, will be less urgent.
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