Project Risk Planning: Craft a plan for identifying and monitoring risk. In your plan, you could consider: 1. The amount…
Project Risk Planning: Craft a plan for identifying and monitoring risk. In your plan, you could consider: 1. The amount of uncertainty in the project and how to deal with it 2. The threats of greatest concern 3. How each threat should be dealt with,
. Risk Control: Determine corrective actions and controls to deal with uncertainty and its impact on the project, based on your risk plan. Ideas to consider may include: 1. Appropriate quantification of the risks (probability vs. impact) 2. Contingency funding or time buffers in place to handle threats
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