Asked by: Renda Kwekkeboombusiness and finance business administration
What is RBS in risk management?
Last Updated: 16th March, 2020
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Besides, what is RBS in PMP?
In project management, the resource breakdown structure (RBS) is a hierarchical list of resources related by function and resource type that is used to facilitate planning and controlling of project work.
Secondly, what is risk breakdown analysis? Risk Breakdown structure (RBS) is a hierarchical representation of risks according to their risk categories. It do have different levels similar to Work Breakdown Structure which makes RBS a very strong tool for Project Managers to use.
Similarly, why are the WBS and RBS complementary in identifying risk?
Both WBS and RBS are different ways of looking at the same thing – project risk. The work breakdown structure (WBS) represents a hierarchical breakdown of the activities and tasks in the project. Comparing the two will give both complimentary perspectives on the same risks but might also highlight different risks.
How would you use the WBS in risk identification assessment?
The WBS is an important tool that should be used during risk identification. Risk identification is the first step in the risk management process and lays the baseline for the rest of the risk management process. During this step in the process, a risk management team analyzes the project to identify sources of risk.