Please enable JavaScript.
Coggle requires JavaScript to display documents.
RISK MANAGEMENT - Coggle Diagram
RISK MANAGEMENT
CHANGE CONTROL SYSTEM PROCESS
Costs of changes are maintained in a log
Integrity of the WBS and performance measures
is maintained
Allocation and use of budget and management reserve funds are tracked
Responsibility for implementation is clarified
Effect of changes is visible to all parties involved
Implementation of change is monitored
COMMON TERMS
Risk tolerance
Risk appetite
Risk threshold
Risk adverse
Risk factors
PURPOSE
Identifying & analyzing potential risks for their likelihood & impact
Defining plans that avoid or mitigate the risk while maximizing the opportunities present
Good management practice
A logical and systematic approach
RISK BREAKDOWN STRUCTURE (RBS)
Groups and categorizes risks
Identifies Response (Mitigation)
PROCESS STEP
Risk Identification
Risk Assessment
Risk Response Development
Risk Response Control