0 Replies Latest reply on Sep 12, 2017 11:00 AM by tartuvugne

    Risk Management Process

    tartuvugne

      There are following activities involved in risk management process:

      • Identification - Make note of all possible risks, which may occur in the project.
      • Categorize - Categorize known risks into high, medium and low risk intensity as per their possible impact on the project.
      • Manage - Analyze the probability of occurrence of risks at various phases. Make plan to avoid or face risks. Attempt to minimize their side-effects.
      • Monitor - Closely monitor the potential risks and their early symptoms. Also monitor the effects of steps taken to mitigate or avoid them.