Introduction to project management/IPM103/Risk/Risk management process
From WikiEducator
| “ | 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. | ” |
| —Adrienne Watt, chapter 16 | ||
The pages which follow will cover these in more detail:
- Risk identification
- Risk assessment / evaluation
- Risk control / mitigation
