HKSM
Risk Category
A classification that groups related sources or triggers of risk.
Key Points
- Organizes risks by common source to make identification and analysis more systematic.
- Often used to build a Risk Breakdown Structure (RBS) for top-down risk reviews.
- Should be tailored to the project or organization (e.g., technical, external, organizational, project management).
- Improves coverage, reduces duplicate entries, and helps assign ownership and reporting.
Example
On a software project, the team defines categories such as Technical (new API stability), Vendor (third-party SLA), Compliance (privacy regulations), and Schedule (resource availability). They brainstorm risks under each category to ensure comprehensive coverage and assign owners to each category for follow-up.
PMP Example Question
During risk identification, the team groups threats and opportunities under headings like Technical, External, Organizational, and Project Management. What are these headings called?
- Risk Category
- Risk Trigger
- Risk Threshold
- Risk Event
Correct Answer: A — Risk Category
Explanation: These headings classify related sources of risk, helping structure the risk register and analysis.
