Please enable JavaScript.
Coggle requires JavaScript to display documents.
Role of Risk Management (Measure and Prioritize (Evaluating the…
Role of Risk Management
Admit and Identify
-
-
-
Classify the purpose of the project and list out the probable risk that environment has. Like, a building project has a risk as hight, equipment etc and when it comes to the road it will be of temperature, machine etc.
Measure and Prioritize
-
-
Check on past history and similar situation in order to develop probability estimates and cost estimates
-
with the help of the the tools priorities the risk to high, medium and low
Implement a strategy
Avoidance strategy
this strategy deal in a way that with help of a prioritization, they will be able to avoid or cease service of an activity that is considered risky
Modification strategy
This strategy looks into a situation by modifying the way to tackle to risk. so that it could work out for the similar risk in a more better fashion.
-
Sharing strategy
This strategy involves the sharing of the identified risk between the organisation or team. So that risk and solution of one organization might work well with the other organization.
-
-