Risk data quality assessment
“Risk Data Quality Assessment” is a tool/technique for the process “Perform Qualitative Risk Analysis “.
Risk data quality assessment is a technique to evaluate the degree to which the data about risks is useful for risk management. It involves examining the degree to which the risk is understood and the accuracy, quality, reliability, and integrity of the data about the risk.
The use of low-quality risk data may lead to a qualitative risk analysis of little use to the project. If data quality is unacceptable, it may be necessary to gather better data. Often, the collection of information about risks is difficult, and consumes more time and resources than originally planned. The values used in the example in Figure 11-10 are representative. The numbers of steps in the scale are usually established when defining the risk attitude of the organization.
This definition was found in the PMBOK V5
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