| Identify Risks |
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Identification converts concerns into manageable statements |
- Searches for project risks
- States the risk in a standard syntax
- Enables risk analysis
- Documents risk description
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| Analyze and Prioritize Risks |
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Analysis converts risk statements into decision making
information |
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- Allows prioritization
- Removes duplication
- Supports selection for mitigation/action
- Simplifies reporting on "top ten"
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| Plan Mitigation Actions |
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Action planning creates the responses to mitigate the risks |
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- Selects risks for action
- Identifies suitable strategy
- Develops mitigation actions
- Outlines contingency plan and critical date
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| Track Progress |
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Risk tracking maintains a relevant risk management process |
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- Follows changes in risks
- Keeps actions current and appropriate
- Maintains focus on top risks
- Keeps risks on the project agenda
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| Control Outcomes |
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Management Responsibilities |
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- Make the difficult decisions
- Invoke Contingency Plans
- Make major program changes
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