Risk Management - A 6 Step Process
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Transcript of Risk Management - A 6 Step Process
RISKMANAGEMENTA 6 STEP PROCESS
Risk managementis...
"the forecasting and evaluation of risks together
with the identification of procedures to avoid or
minimize their impact."
Risk management is predicting what might have
an impact on your project, and then making a
strategy to deal with it!
The Risk Management6 StepProcess
1
2 3
4
5 6
1 Identify
2 Analyze & Prioritize
3 Plan & Schedule
Formulatestrategies,plans andactions todeal withpotentialrisks
4 Track & Report
Monitor thestatus ofpotentialrisks andreport thisstatus toothers
5 Control
Implementyour riskstrategies,plans andactions asneeded
6 Learn
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