Business Analyst: What is a business analysis risk management?

Risk management — identifying and mitigating risks.

Steps:

1. Identify risks.
2. Assess probability and impact.
3. Develop mitigation.
4. Monitor risks.

Responses:

• Avoid — eliminate risk.
• Mitigate — reduce impact.
• Transfer — shift to third party.
• Accept — acknowledge.

Example:

BA role:

• Identify business risks.
• Help develop mitigation.