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Risk Management (Risk planning in terms of- (Time, Cost, scope,…
Risk Management
Risk planning in terms of-
Time
Cost
scope
Environmental hazards
Communication
Risk Analysis
To avoid risk
Risk mitigation
Transfer risk
accept risk
Risk rmonitoring
Realization at early stage
Good knowledge of risk in the project
Detecting the gaps in a project
Providing effective controls of risk
Risk Assessment
Qualitative
Quantitative
semi-qualitative
Risk Recording
Maintaining the past risks in the organization
A record of previous best practices
Risk Response
Application of maturity model that fits the project conditions
Should provide systematic framework which carries comparative evaluation
Risk Identification
Using techniques like brain storming
Registering risk management process as per ISO 3100 standards.