Method for project risk analysis
Characteristics of the RIPRAN methodThe RIPRAN™ method (RIsk PRoject ANalysis), represents an empiric method for project risk analysis. The author of the method is B. Lacko.
It issues from the process notion of the risk analysis, understanding risk analysis as a process (inputs in the process – outputs from the process – activities transforming inputs to outputs with certain goals).
The method accepts quality philosophy (TQM) and therefore covers activities that provide for the quality of the risk analysis as required by the standard ISO 10 006.
The method is designed in order to respect the principles of Risk Project Management, as described in the PMI and IPMA materials.
It focuses especially on the processing of analysis or the project risks that must be done prior to its implementation.
However, it does not mean that we should not be working with threats in other phases. In each phase of the project’s life cycle we should carry out activities (this relates mainly to pre-project phases – Opportunity Studies and Feasibility Studies), which lead to gathering of data for the project risk analysis for the project implementation phase, and which evaluate the potential risks of success of the particular phases we are actually working on. The captured risks are then used for the overall analysis of the project risks. The RIPRAN method may be used in all the phases of the project.
The whole process of risk analysis following the RIPRAN method consists of the following phases:
• Preparation of the risk analysis
• Identification of the risk
• Quantification of the risk
• Response to risk
• General assessment of risk
Activities in the individual phases are designed as a consequent series of processes.
The method does not deal with the process of monitoring of risks in a project. Whenever some new danger is identified, or the situation changes and requires the re-evaluation of a certain risk, it is possible to use the RIPRAN method again also during the monitoring of the project risks.
At the moment the English method description is not available.
People interested in the method may learn about it from the short articles in English (see the Články (Articles) section in the Czech version).