Risk burn down graph

Exclusive forum for iZenBirdge PMI-ACP® clients
Posts: 32
Joined: Tue Dec 27, 2016 10:18 pm

Risk burn down graph

Mon Jan 09, 2017 12:51 pm

What do risk burn down graphs show?

A) The impacts of project risks on the project schedule
B) The impacts of project risks on the project budget
C) The cumulative risk severities over time
D) The cumulative risk probabilities over time

option C, Severity is combination of probability and impact. right..? any other thought
Posts: 2513
Joined: Fri Jul 11, 2014 11:57 am

Re: Risk burn down graph

Wed Jan 11, 2017 12:52 pm

To create the risk burndown chart, we need to list top project's risk along with the probability of the risk occurring and the size of the loss(impact) that may occur. The expected exposure to the risk which is the probability multiplied by the size of the loss.

The risk burndown chart is then created by plotting the sum of the risk exposure values for the iterations. Y axis has risk exposure and the X axis list the iterations.

Return to “PMI-ACP® Queries and Tips”

Who is online

Users browsing this forum: No registered users and 1 guest