Risk Management
      Methods and Tools

INTERRELATIONSHIP DIGRAPH

What Is It

Interrelationship digraph is a method to identify relationships among a set of items. Items that have a cause or effect associated on another item are linked together (and given weight) for the purpose of identifying the items most affected or items affecting other items the most, giving emphasis on those items for risk mitigation planning. Items involved in risk management could be risks being mitigated, risk strategies, project activities or resources.

When To Use

Use this method
  • With knowledgeable individuals to identify cause and effect relationship and dependencies among risk items.
  • To identify items with the biggest effect (from given weights) among the other items. These will be the critical items that must be given priority in risk mitigation planning.
  • During Baseline Planning to determine which risk areas need to be dealt with first.

Benefits

This method fosters broad thinking of individuals to identify interrelationships of risk items that affect the whole project, determining critical risk areas that must be dealt first and ensures efficient allocation of project resources.