How to Develop a Risk Management Plan - PowerPoint PPT Presentation
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How to Develop a Risk Management Plan
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Title: How to Develop a Risk Management Plan
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How to Develop a Risk Management Plan
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Understand how Risk Management works.
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Define your project.
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Get input from others.
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Identify the consequences of each risk.
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Eliminate irrelevant issues.
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List all identified risk elements.
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Assign probability.
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Assign impact.
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Determine risk for the element.
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Rank the risks.
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Compute the total risk.
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Develop mitigation strategies.
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Develop contingency plans.
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Analyze the effectiveness of strategies.
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Compute your effective risk.
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Monitor your risks.
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