ABSTRACT
Performing the risks analysis requires team members to justify why they are concerned about a risk. The risk analysis workshop will not only collect this vital information but also build consensus around the conclusion. During the analysis phase, facilitators should emulate Joe Friday. The key to successful risk management is not managing the risk itself but rather the facts leading the people to believe risks will occur. At the point in the risk analysis workshop, the facilitator has guided their team through development of risk event drivers, impact drivers, and the total loss for each risk that was identified in the previous workshop. In addition, the readers usually prefer to do the estimates during the risk analysis workshop, with the entire team present. Team dynamics and risk complexity are prime considerations when selecting which techniques to pursue. However, its downside is that it usually increases the length of time to develop the estimates, and as risk analysis workshops become longer.
