Risk
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Managing risks on projects is a process that includes risk assessment and a mitigation strategy for those risks. Risk assessment includes both the identification of potential risk and the evaluation of the potential impact of the risk. A risk mitigation plan is designed to eliminate or minimize the impact of the risk events – occurrences that have a negative impact on the project. Identifying risk is both a creative and a disciplined process. The creative process includes brainstorming sessions where the team is asked to create a list of everything that could go wrong. All ideas are welcome at this stage, with the evaluation of the ideas coming later.
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—Adrienne Watt, chapter 16
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The pages which follow will cover these in more detail:
- Risk identification
- Risk assessment / evaluation
- Risk control / mitigation
—Adrienne Watt, chapter 16
The pages which follow will cover these in more detail: