Risk Breakdown Structure Notes: Definitions & Explanations PDF | Download eBooks
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Risk Breakdown Structure Definition:
Risk breakdown structure (RBS) is a hierarchical representation of potential sources of risk.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Risk Breakdown Structure Notes:
Different types of risks are involved in a project. These risks must be identified in early stages of the project in order to develop corrective actions for them. Before corrective actions are planned, the risks must be categorized and prioritized. A way of dividing risks into different classes is called risk breakdown structure. Risk breakdown structure is a hierarchical structure of the potential risks associated with the project. Risk breakdown structure can be a general one which shows the potential risks that can arise in all the projects or a separate risk breakdown structure may be made for individual projects. A risk breakdown structure provides all the sources of risks for individual projects that may arise.
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