Week 4

Question 1

What are the brainstorming Techniques for Risk Assessment

Answer 1

• SWOT Analysis
• Pre-Mortem Analysis
• Checklist Method
• Scenario Analysis
• Fishbone Diagram

Question 2

What are the key features of Scenario Analysis?

Answer 2

• Forward-Looking: Focses on future uncertainties and their potential impacts

-Comprehensive: Explores a wide range of possibilities including extreme or unexpected events

• Strategic: Helps organisations prepare for long-term challenges

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Question 3

When do you use scenario analysis?

Answer 3

• long-term strategic planning
• facing high uncertainty or volatility e.g. economic, regulatory or technological changes
• to assess risks in complex systems or projects
• to prepare for disruptive events or ‘black saw scenario’