Risk Management Strategy
Risk management is integrated throughout our entire management system
Risk Process Strategy
Single Risk Management Process
Have a single risk management process across all plans
Plans address risks
Every team (organisational unit, programme, or project, etc) has a plan that includes identified risks. All plans are approved at the PID approval point. Each stage boundary also reviews and updates the risk information.
Common risks have a single risk owner
A single risk owner is appointed to manage the risk across the entire organisation.
Frequency of Review
Risks are reviewed at each monthly project review.
Critical Risk Strategies
Loss of data
Minimised through reduntant archives (RAID and Offsite storage)
Prototyping
Development risk managed through prototyping and incremental release.
Using what sell
Familiarity with the products and techniques to minimise risk of poor estimations.
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