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RISK MANAGEMENT - Coggle Diagram
RISK MANAGEMENT
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WHAT?
A series of steps that when undertaken in sequence, enable continual improvement in decision-making.
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Applying knowledge, skills, & risk management tools & techniques to reduce threats to an acceptable level while maximizing opportunities (positive risks).
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PROCESS STEPS
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- Risk Response Development
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PROJECT RISK
:star: An uncertain event or condition that; if it occurs, it has a positive or negative effect on one or more project objectives (scope, schedule, cost and quality)
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:checkered_flag:
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Hazard Identification, Risk Assessment and Risk Control (HIRARC)