What is the difference of Risk categories in RBS & Risk Categorization in Qualitative Risk Analysis?

Babou

I see risk categories used in development of RBS & Risk categorization technique in Qualitative Risk Analysis goes beyond RBS risk categories, even WBS or any other useful categories are utilized. I am little confused why Qualitative Risk Analysis use categories that is beyond RBS.

bobmahler

As a Risk Manager I like to use the RBS as a place to start, otherwise I might ignore entire areas of risk. It's like going to the store without a shopping list. If I write it down, I'm likely to get it.

Risk categorization further details the RBS. Imagine the RBS is a great strategic view of your project and categorization takes you down to the tactical level. Besides, when you categorize them you should see Pareto's Law clearly displayed!

I hope that helps.