MANAGEMENT

Detailed explanation-1: -A risk profile is a list of questions that addresses traditional areas uncertainty on a project. These questions have been developed and refined from previous, similar projects. Risk profile are usually generated and maintained by personnel from the project office.

Detailed explanation-2: -For example, risk identification may include assessing IT security threats such as malware and ransomware, accidents, natural disasters, and other potentially harmful events that could disrupt business operations.

Detailed explanation-3: -Risk identification (RI) is a set of activities that detect, describe and catalog all potential risks to assets and processes that could have negatively impact business outcomes in terms of performance, quality, damage, loss or reputation.

Detailed explanation-4: -A risk register is a document that is used as a risk management tool to identify potential setbacks within a project. This process aims to collectively identify, analyze, and solve risks before they become problems.

Detailed explanation-5: -SWOT analysis. A SWOT, or strengths, weaknesses, opportunities and threats analysis, is a great way to understand a project’s or business’s risks alongside other important factors.