Talking about risk analysis, We need to analyse the situation / market / issues so we can better understand the possible risks., I'd like to look into things that can go wrong as I feel there may be some not on our radar, Which process should we use to analyse the risks / situation / challenges we're facing?, It's important to look into all risks, or at least make sure we are aware of them., Identifying risks, We can use various methods to establish which risks we're facing., From our analysis we identified three main areas of risk., We have found risks that range from medium to critical., The biggest risk we can see is that we will go over budget / experience delays / have poor quality., Talking about probability and possible outcomes, There's a medium level of probability that it will happen, and if it does the impact will be low., It's very likely that this will happen, so we obviously want to avoid that., If that happens and we're not ready, the effect would be catastrophic, This will likely cause us / lead to big problems if we don't do something about this risk., Deciding on action, Let's address this one next week., There is a(n) urgent need to mitigate this one as soon as possible. We're going to prioritise this., Let's research the risks / consequences / possible impact further and take time to understand this better., We possibly / probably / definitely need to be prepared for this outcome., Please make sure that the following measures are taken.

7.4.4.B

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