Establish ongoing management plan for risk assessment

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Reference no: EM134013677

Question

For your graded assignment this week you will be constructing a risk register. Your text suggests five steps in documenting a response to the risk:

Identify Risk-Internal and external including vendors; what are the skill levels of all

Assess Risk-Prioritize low, medium, high

Manage Risk-Determine-Remove, shift, and decrease impact; reassess

Monitor and Control Each Risk-For higher risk, implement more frequent monitoring

Establish an Ongoing Management Plan for Risk Assessment-that requires constant review; update and remove those risks not impacting project.

Reference no: EM134013677

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