How is the Analyse Stage of Opportunity Management carried out ?
The function of the Analyse Stage is to describe the probability and positive impacts (e.g. cost or time savings or performance enhancement) that would arise if the opportunity came to fruition. Criteria bands (e.g. high, medium and low) for probability and impacts (cost, time and performance) should be defined for opportunities in the same way as for threats. Using a probability impact diagram, a view of the priority the opportunities should be given for determining further action can be formed. Establishing quantitative probability and impact data for identified opportunities provides for a more detailed analysis, including plan/schedule and cost schedule impact analysis. As with threats, estimating techniques should include the use of subject matter experts and peer reviews, detailed records of the outcome should be kept, such records can be added to the Opportunity Register. If the probability of occurrence of an Opportunity reaches 100% then it becomes an issue and will become par
