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Canadian Risk Assessment and Risk Mitigation Assessment Project Information & Guide 15 September 2020Table of Contents Executive Summary___ 2 Introduction ___ 4 Overview and Outcomes___ 5 Context
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01
Identify the various components of the project such as scope, timeline, resources, and budget.
02
Assess the interdependencies between these components and how they can impact the project's overall complexity.
03
Identify potential risks that could impact the success of the project, such as technical challenges, external dependencies, or resource constraints.
04
Develop a risk management plan that outlines strategies for mitigating and responding to these risks throughout the project lifecycle.
05
Continuously monitor and update the project complexity and risk assessments as the project progresses to ensure timely responses to any changes.

Who needs project complexity and risk?

01
Project managers who are responsible for overseeing and delivering successful projects.
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Stakeholders who have a vested interest in the project's outcome and want to ensure its success.
03
Organizations that want to allocate resources effectively and minimize the impact of project risks on their business objectives.
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Project complexity refers to the level of difficulty and intricacy involved in a project, including its size, scope, and number of stakeholders. Project risk indicates the potential for unexpected events or conditions that could negatively impact project performance or outcomes.
Project managers, team leaders, or project sponsors are typically required to file project complexity and risk assessments, often as part of the project's documentation process.
To fill out a project complexity and risk form, one should assess the project's scope, identify potential risks, rate the complexity on a defined scale, and provide detailed explanations for each item.
The purpose of assessing project complexity and risk is to identify potential challenges early in the project lifecycle, allowing for proactive planning and mitigation strategies to enhance project success.
The report must include project scope, defined risks, complexity ratings, risk mitigation plans, stakeholder involvement, and any existing controls to manage risks.
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