Assess Risks

Question 1

Purpose

Answer 1

To understand the undesirable consequences of internal and external forces on the enterprise during a transition to or in the future state
Understand the potential impact can be used to make recommendation about course of action

Question 2

Description

Answer 2

Assessing risks includes: analyzing + managing them
Risk analyze for:
-possible consequences if the risk occurs
-impact of those consequences
-likelihood of the risk
-potential time frame when the risk might occur

Question 3

Inputs

Answer 3

Biz objectives

Elicitation results(confirmed)

Influences: factor inside of the enterprise(internal) and outside of the enterprise(external) which will impact the realization of the future state

Potential value

Reqs(prioritized)

Question 4

Elements 1

Answer 4

1. Unknowns
   Uncertainty the likelihood of it occurring and the impact if it does occur
   Lesson learned from past changes and expert judgment from sh assist BA guide team in deciding the impact and likelihood of risk

Question 5

Elements 2

Answer 5

2. Constraints, assumptions, and dependencies
   Can be analyzed for risk and sometimes should be managed as risk themselves

Question 6

Elements 3

Answer 6

3. Negative impact to value
   Risk level can be quantified in financial terms, or in an amount of time, effort or other measures

Question 7

Elements 4

Answer 7

4. Risk tolerance
   - Risk aversion: UNwilling accept much certainty, avoid high level of risk or to invest more to reduce the risk

• Neutrality: some level of risk is acceptable, provided the course of some action does not results in a loss even if risk occur
• Risk seeking: willingness to accept or even take more risk in return for higher potential value

Question 8

Elements 5

Answer 8

5. Recommendation
   - pursue the benefit of a change regardless of the risk
   - pursue benefit if change while investing in reducing rusk
   - seek out the way to increase benefit to outweigh the risk
   - identify way to manage and optimize opportunities
   - do not pursue benefit of change

Question 9

Guidelines and tools

Answer 9

BA approach
Biz policies
Change strategy
Current state description
Future state description
Identified risks
SH engagement approach

Question 10

Techniques

Answer 10

Brainstorming
Biz cases
Decision analysis
Document analysis
Financial analysis
Interviews
Lessons learned
Mind mapping
Risk analysis and mng
Root cause analysis
Survey
Workshops

Question 11

Stakeholders

Answer 11

Domain sme: input to the risk
Implementation sme: input to the risk
Operational support: identify risk
Project manager: assess risk and managing, mitigating risk to project
Regulatory: identify risk
Sponsor: understand risk, authoring and funding change
Supplier
Tester: identify risk from validation or verification perspective

Question 12

Outputs

Answer 12

Risk analysis results:
Understand risk associated with achieving future state
Mitigation strategy will be used to prevent those risk
Reduce the impact of risk
Reduce the likelihood of risk occuring