<P> Risk Breakdown Structure (RBS) - A hierarchically organised depiction of the identified project risks arranged by category . </P> <P> When planning a project to meet targets for cost, schedule, or quality, it is useful to identify likely risks to the success of the project . A risk is any possible situation that is not planned for, but that, if it occurs, is likely to divert the project from its planned result . For example, an established project team plans for the work to be done by its staff, but there is the risk that an employee may unexpectedly leave the team . </P> <P> In Project Management, the Risk Management Process has the objectives of identifying, assessing, and managing risks, both positive and negative . All too often, project managers focus only on negative risk, however, good things can happen in a project, "things" that were foreseen, but not expressly planned . </P> <P> The objective of Risk Management is to predict risks, assess their likelihood and impact, and to actively plan what should be done ahead of time to best deal with situations when they occur . </P>

As per bms overall project risk shall be calculated on the scale of