Identify and manage Risks, Managers, Project Managers, Line Managers, or Risk Owners

Risks identification and management is an integral part of managing a team to accomplish goals and objectives.  The following steps are carried out when identifying and managing risks:

• Identify and classify risks
• Assign Risk Owners
• Evaluate the Risks
• Establish trigger criteria
• Establish action plans
• Test and simulate action response if necessary
• Monitor risks
• Take appropriate actions
• Evaluate effectiveness of actions

• Risks identified, classified and logged
• Owners assigned and aware of their responsibilities
• Risks evaluated
• Triggers and Action plans identified
• Risks Monitored at an appropriate frequency
• Actions taken and effectiveness evaluated.

• Template Links
•  

• PMGT_FRM007 - Risk Log
• PMGT_FRM007 - Risk Management

• Risk Sources and Categories
• Risk Parameters
• Risk Management Strategy

Risk Management

• CMMI - RISK Process Area
• PRINCE2
• PMBOK
• M_o_R