This article deals with risk as such and not with scenarios that could turn risk into opportunities. The article aims to deal with the terms "risk" and "risk analysis" in project management and to explain them.
You determine which criteria are ultimately decisive as to whether you decide on action option A or B. Often, these are business key figures that can be calculated according to a defined procedure based on several parameters.
Before making far-reaching decisions, you should plan to carry out a risk analysis. Depending on the decision-making situation, you determine the relevant criteria and methods for calculating your company's consequences.