How to analyze the risks of a project?

A project is an often complex mayonnaise: the ingredients are numerous. While the knack often remains the responsibility of the project manager, the stakeholders are multiple and their interests not necessarily convergent. Any confirmed project leader will tell you, when the progress of the project is 80%, it often remains … 80% of the way to go.

Some factors do not escape anyone: the larger the project, the higher business stakes, the more it will be understood that its risk is high. Other risks are more diffuse such as the clarity of decision-making schemes, technical innovation or business.

These factors do not have the same influence on the various stakeholders. Some pre-project evaluations are therefore often very useful. Beyond the scores and the various indicators returned by the evaluation, evaluation is above all a dialogue tool. It allows the various stakeholders to measure their “perception gaps” on a situation. But also to share a global vision while trying to identify the differences of representation on a situation. This facilitates dialogue and cohesion among stakeholders.

Why analyze the risks of a project?

The proposed questionnaire is a project risk assessment tool . It is presented as a “check list” of risk measures related to a project. It can adapt to each type of organization and nature of projects (IT, marketing, events…).

The objectives are mainly to:

  • Evaluate the overall level of risk of a project
  • Evaluate preventive actions to implement
  • Share an analysis repository between the different project stakeholders

The questionnaire consists of 6 axes to assess the risks related to:

  • To the dimension of the project
  • To technical difficulties
  • At the integration level of the project
  • In organizational configuration
  • The business change scope of the project
  • The stability of the team project

It includes 30 cirteria points. These criteria, their weights and responses can be adjusted according to the context (type of organization, nature of project…).

How to use this project risk analysis tool ?

This questionnaire is used:

  • Before starting a project : to analyze the risks and to envisage preventive actions which will diminish them at the beginning (to set up a coordination device dedicated to the project, to revise the schedule
    and or the expected load…)
  • In the course of projects : to implement actions mitigating the risks (to reinforce the communication around the project, to monitor the indicators of measurement of the objectives, to reinforce the function of project managemen…)
  • In the end of projects : to better understand how it unfolds, to prepare a project report and to propose corrective actions of operation internally or with a client

Do not hesitate to compare your impressions by having this risk assessment carried out by a decision-maker, the project manager, the contracting authority.

Several risks appreciated here can lead to the formalization of other questionnaires on which we will have the opportunity to return and to publish some examples :

  • Clarity of Customer Objectives and Needs (Prioritization and Need Coverage)
  • Technical choices (solution evaluation)
  • Complexity and maturity of the project

Learn more

If you want to set up your questionnaire and your self-assessment system online, do not hesitate to contact us.

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