Benefits.
The risk analysis enables you to measure the feasibility of the project, to pro-actively mitigate risks and to protect project managers from overly ambitious expectations.
When to apply?
After the elaboration of the resource plan. Risks will have to be re-assessed before important decisions.
How to?
Brainstorm possible risks related to the content of your project,
its context and its stakeholders. Assess the probability of their
occurrence and their impact on the course of the project. Define
pro-active measures, plan them and check their effectiveness.