This document discusses risk analysis techniques for information technology projects. It outlines the goals of risk analysis as improving decision making for project direction, scheduling and budgeting. Key points made include: - Risk analysis identifies risks, assesses impact, and develops contingencies, while risk management works to mitigate risks. - Qualitative and quantitative risk analysis methods are described for identifying and prioritizing risks. - Bias must be addressed in risk analysis to provide accurate information for decision making. - Proactive risk analysis can improve project schedule, costs, and quality outcomes.