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Project Management & Agile · Advanced

Risk Urgency

A risk parameter indicating how soon a response must be implemented to be effective.

Definition

Along with proximity (time before the risk could occur), dormancy, manageability, controllability, and connectivity, urgency supplements probability and impact in prioritization.

Example

A permitting risk must be addressed within two weeks, so it is flagged as urgent.

Exam tip

Urgent risks may be prioritized even if their impact score is moderate.

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