Risk
Risk is the uncertainty around what is expected as an outcome. In the context of business analysis, this means that the risks need to be analyzed in terms of their priority to the business stakeholders and to collaboratively find ways to mitigate or decrease the likelihood of a risk eventuating. There are different types of risks that should be understood by the business analyst.
There are project-specific risks that affect the ability of the project team to deliver as expected. Then, there are also operational or business risks that exist as a consequence of the proposed solution or change introduced by the project or initiative. These risks need to be addressed in alignment with the proposed solution and changes to ensure the risks ...
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