The Risk Breakdown Structure

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Risk Breakdown Structure:

A Risk Breakdown Structure is a method used to organize risks in a hierarchical structure. As the project progresses there will be a number of scenarios that will be regarded as risks for its success or development. Risk Management entails organization of risks prior to their occurrence and developing a contingency plan. RBS is a useful tool in this process.

It outlines details of the risks and is classified in categories. The classification could be based on: the nature of risk, the cause of risk, and the remedy of the risk to specify a few. RBS can be customized based on the project structure.

Risks can be classified in these categories:

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