Risk Urgency assessment

Below are the description of all the uses of the working document “Risk Urgency assessment”:

“Risk Urgency Assessment” is a tool/technique for the process “Perform Qualitative Risk Analysis “.
Risks requiring near-term responses may be considered more urgent to address. Indicators of priority may include probability of detecting the risk, time to affect a risk response, symptoms and warning signs, and the risk rating. In some qualitative analyses, the assessment of risk urgency is combined with the risk ranking that is determined from the probability and impact matrix to give a final risk severity rating.

This definition was found in the PMBOK V5

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