From: Extended risk-analysis model for activities of the project
Steps of the reference’s model | Steps of the proposed model | Differences |
---|---|---|
1. Establishing the context | 1. Preliminary analysis of project risk management | - Steps 1 and 2 of reference’s model are combined in one step in the proposed model |
- Preliminary analysis of the proposed model refers to the whole project | ||
2. Preliminary risk analysis | ||
3. Detailed risk identification | 2. Project risk identification | - Step 3 of reference’s model is logically divided into risk analysis of the whole project and then to detailed analysis of risk activities |
3. Activity risk identification | ||
4. Detailed risk analysis | 4. Qualitative and quantitative analysis of activity risks | - Estimate of risk parameters and evaluation of risk are logically connected |
5. Detailed risk evaluation | ||
6. Risk treatment (planning) | 5. Planning risk management measures | - Planning measures is carried out on the basis of risk evaluation, so two steps are not necessary |
7. Prepare risk management plan | ||
8. Risk monitoring and control | 6. Monitoring, recording, control and feedback | |
9. Review | 7. Analysis, evaluation and archiving | - In the proposed model, emphasis is placed on evaluation and formation of knowledge on the basis of experience obtained in the completed project |