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RISK MANAGEMENT (VARIABILITY RISK - DUE TO LACK OF CONTROL, RESULTS MAY…

- - - - OLIVER pg 597,
    - - SCOPE, COST, SCHEDULE, QUALITY, REPUTATION, CUSTOMER SATISFACTION
        
        IN TERMS OF MARRIAGE / LIFE PARTNER
  - - - ASSUMPTION LOG
    - - DESCRIBE LIKE VUCA, PESTLE, TECOP
    - - ISSUE LOG
    - - IDENTIFIED RISKS
        
        PRIORITIZE & PREPARE RISK RESPONSE
        
        IDENTIFY TRIGGERS
        
        WRITE RISKS IN OUR SYSTEM / AND NOT GIVE THEM IN WRITING
        
        E.G. LISTS OF DELIVERABLE
        
        IDENTIFY WARNING SIGNS
      - POTENTIAL RISK OWNERS
      - POTENTIAL RISK RESPONSES
        
        FOR NEGATIVE RISKS
        
        ESCALATE, AVOID, TRANSFER, MITIGATE, ACCEPT
        
        FOR POSITIVE RISKS
        
        ESCALATE, EXPLOIT, SHARE, ENHANCE, ACCEPT
      - STRATEGIES FOR THREATS
      - STRATEGIES FOR OPPORTUNITIES
      - CONTINGENT RESPONSE STRATEGIES
      - SECONDARY RISKS - THOSE WHICH CAN OCCUR AS AN OUTCOME OF THE RISK RESPONSE
      - RESIDUAL RISKS - THOSE WHICH CAN REMAIN DESPITE IMPLEMENTING THE RISK RESPONSE
  - - - PROACTIVE RISK RESPONSE
        
        MITIGATE
    - - WATCH LIST
        
        KEEP WATCHING
      - GIVE A CASE SPECIFIC RISK LIST TO THE THE (HUSBAND OR WIFE RESPECTIVELY) - IN CODE WORDS
- - - - POSITIVE RISK
      - NEGATIVE RISK
        
        PLAN RISK RESPONSE
        
        IMPLEMENT
        
        MONITOR
        
        SECONDARY RISKS
        
        RESIDUAL RISKS
        
        WEEKLY MEETING
        
        REVIEW WORK PERFORMANCE
        
        REVIEW RISKS REGISTER
        
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