OUTCOMES
Highlight challenges you may face in your project
Develop plans to overcome them
USING THE TOOL
PESTEL Analysis is a risk management tool that helps you to analyse all factors that could potentially have a negative impact on your project. The chart is split into six different areas, allowing you to categorise all risks associated with your project - political, economic, social, technological, environmental, and legal.
Identify risks: List out each risk you expect to face considering each of the different categories.
Plan mitigation strategies: Then identify how you can plan to overcome each risk.
Tips
Don't be afraid to list multiple mitigation steps for each risk in case one is not effective
Consider risks for both the project and the outcome of the project
Return to this throughout the project and review
