Risk Analysis and Assessment
Define the process to be followed for risk reviews to be conducted throughout the project life cycle. Insert your completed Risk Monitoring and Control Template. See the end of this document for an example.
What is being done to proactively reduce risk in the future?
What is being done to communicate risks?
Evaluate the organizational and departmental tolerance for risk.
Discuss the different risk tolerances within the organization.)
Identify risk mitigation approaches in support of the project.
How will you implement the mitigation approaches?
Have you identified specific triggers to initiate mitigation?
Describe your strategy for corrective risk management.
Explain whether you will use auditing, strategic planning, or another type.
Describe the corrective action process and responsibilities.
Will you be performing a risk postmortem? If not, why not?)
Assess corrective plan procedures in support of the project.
Is your documentation available to others?
Is it reviewed by the team or others?
Identify and describe how results data will be collected and reviewed to determine corrective actions.
Did your postmortem results lead to any concrete changes? Explain.
Evaluate the organization’s view of risk management and approach, resulting from project outcomes.
Did this project change the organization’s approach and management of risk?
Describe the impact of postmortem results on the organization.
Recommend corrective plan procedures to effectively manage risk.
What recommendations would you make for future risk management projects?
What resources did you use to support your assertions?
