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Risk Assessment

Risk assessment systematically identifies potential negative impacts, evaluates their likelihood and severity, and develops strategies to mitigate or prevent them.

45-90 min3-15 peopleHard
When to Use

Use this method when you need to proactively identify and manage potential risks associated with a project or program.

How It Works

Solves: Unforeseen problems derailing projects; lack of preparedness for potential challenges.

Step-by-Step Instructions
Follow these steps to facilitate this method
  1. 1

    Step 1: Identify potential negative impacts or risks (15 min).

  2. 2

    Step 2: Assess the likelihood and severity of each risk (15 min).

  3. 3

    Step 3: Develop mitigation strategies for high-priority risks (30 min).

  4. 4

    Step 4: Assign responsibility for monitoring and managing risks (15 min).

Facilitator Tips
  • Involve diverse stakeholders in the risk assessment process.
  • Regularly review and update the risk assessment as the project evolves.
Variations
  • Use a SWOT analysis to identify internal and external risks.
  • Conduct a scenario planning exercise to explore potential future risks.
Source: BetterEvaluation.orgLearn more