WinFedBiz Provides a Plethora of Tools for a Comprehensive Capture Process Designed Around the Needs of Small and Midsize Organizations Developed by Those Professionals Who Have Lived It in the Trenches
Risk Analysis
Risk Analysis
Specifically, risk is a future event (or series of events) with a probability of occurrence and the potential for (a) loss or (b) impact on objectives that can be positive or negative. A Risk Analysis Should Address:
- What could possibly go wrong?
- What is the likelihood of it happening?
- How will it affect the project?
- What can be done about it?
WinFedBiz employs a 5-step model, as follows:
- Step 1: Identifying Risk
- Step 2: Qualitative Risk Analysis
- Step 3: Quantitative risk assessment
- Step 4: Risk Response Planning
- Step 5: Risk Monitoring and Control