This article is part of the Risk Response Development process. This is considered to be a activity inside that process. To understand the full picture please read this article first and follow the links provided to navigate the post. Contingency funds are established to cover project risks—identified and unknown. When, where, and how much money…
Tag: Risks
Risk management framework: Risk Types
This article is part of the Risk Response Development process. This is considered to be a activity inside that process. To understand the full picture please read this article first and follow the links provided to navigate the post. Some of the most common methods for handling risks are discussed below. Hope you find the…
Risk Management Framework: Risk Control Response
Typically the results of the first three steps (Risk Identification, Risk Assessment, Risk Response Development) of the risk management process are summarized in a formal document often called the risk register. A risk register details all identified risks, including descriptions, category, and probability of occurring, impact, responses, contingency owners and current status. The register is…