What is an Risk Breakdown Structure? What are the three level factors pertaining to project coordinators of a client team?
Risk breakdown structure is nothing but a graphical representation in the form of a flow chart in which it is clearly depicted that what are the possible risks involved at the highest levels , then further branches are made to show the risks at the lower levels and then finally the micro risks that might happen in the completion of the project. Such risks could be technical risks, operational risks , inadequate management of work risks or else any other external risk factor as well.
Levels of risks involved are:
• Client requirement may change in between
• Budget finalization error and time estimate
error
• Rejection of the final product delivered to the
client
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