|
Risks are often assessed once in the initial planning phase and often forgotten. Contrary to this, risk management is and should be an ongoing process throughout the project..........
|
|
MSF risk management process follows the following steps: Risk identification, Risk analysis, Risk planning, Risk Scheduling, Risk Tracking and reporting, Risk control and risk leaning........
|
|
Contents of risk management process: Risk statement, Risk severity, risk probability, risk exposure, mitigation plans, contingency plans, risk ownership........
|
|
Projects are very dynamic in nature. This suggests that risks should be re-assessed and re-evaluated to update plans and schedules continuously.......
|
