Evaluate the potential impact of project risks using this calculator

Overview: To effectively mitigate and manage the factors that are likely to be detrimental to a project, you need to get a handle on the degree of risk they represent. This calculator will help you identify and measure the impact of possible risk factors.

Experienced project managers understand that the sooner they've identified possible project landmines, the easier it will be to lessen their impact or avoid them altogether. But figuring out which issues could be problematic--and just how severely they might derail your progress--requires careful analysis. This Excel template is based on a project risk checklist created by The Enterprise Computing Institute to help you define and assess the magnitude of the risks that are likely to plague your projects.

The risks are divided into categories, such as External Dependencies, Planning & Scheduling, Business Case, and Technical. Each risk includes a calculation for measuring its value--for example, the question 'Is the definition of scope/ requirements incomplete?' requires a yes/no response. For yes, you'll enter 5; for no, you'll enter 0. Excel will sum the values you've entered for each category and pull them into the Category Summary/Values tab. There, you can use the risk key to see whether your totals for each category and for the project as a whole fall into the low, medium, or high range.

Join the discussion of this download.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: Other Download | Size: 504KB | Date: Sep 2005 | Version: 1.0 | System Requirements: Winzip; Microsoft Excel | License: copyright | Downloads: 10885