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Risk categorization is one of the tools and techniques used to accomplish the PMI process to perform qualitative risk analysis. Risks can be categorized in multiple ways: by the source of risk, the activities affected, the phase affected, root cause, or roles affected.

Related: root cause analysis, risk urgency assessment, risk probability and impact assessment

Section 11.3.2.4 of the PMBOK, 5th edition, describes risk categorization.

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