What are the guidelines for assessing risks for a project? - MSF

What are the guidelines for assessing risks for a project? 

Projects are very dynamic in nature. This suggests that risks should be re-assessed and re-evaluated to update plans and schedules continuously. Risks should be assessed until they are resolved or turn into issues to be handled. Risks should be assessed using a Master risk list which has the following information for assessment:

a. Priority: Determined based on the Risk exposure.
b. Condition: The state of the project that causes the risk to occur.
c. Consequence: The result and the loss caused by the risk.
d. Probability: The likelihood of the risk occurring.
e. Impact: The effect of the risk.
f. Exposure: Product of Probability and impact.

This document then forms the basis of ongoing risk management.
What are the purposes of the planning phase?
The planning phase comes after vision and scope of the project has been finalized. Its main purpose is to plan a set of activities to achieve the project goals. It defines the whole conceptual solution
Design processes in the planning phase - microsoft solution framework
Three design processes in planning phase are: conceptual, logical and physical design........
What are the major deliverables of the planning phase? - MSF
Major Deliverables of planning phase are: a) Functional specification b) Master project plan c) Master project schedule.....
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