Monte Carlo, decision trees, critical path, expected monetary value, etc.
Perform risk weighting and calculate risk priority
Identify threats and opportunities
Assess project risk complexity
SWOT analysis, Ishikawa, Tree Diagram
Perform an impact analysis on project objectives
project scopes, schedule cost, and resources, quality, and stakeholders
Assess project compliance objectives against organizational strategic objectives
procedures, project plans, corporate, and project governance, regulatory governance
Empower stakeholders to independently identify threats and opportunities
Determine appropriate risk response strategy
avoid, accept, mitigate, enhance, contingency planning etc.
Decide the risk response actions (time bound) based on the risk response strategies and identify action owners
Assess the effectiveness of the risk response actions against the identified strategy and the project objectives impact
cost/schedule/environment etc., effect of the action on the probability or the risk impact