Page 32 - IT Project Management Framework - Planning
P. 32
Risk Management
Identification Prioritization and Categorization Response Planning
• Describe the process by which the risks • Explains how risks are qualified and • Describe how the project team
will be identified. prioritized. responses to each identified risk.
• Include the method(s) the project team • Once risks are identified it is important
will take to identify risks and the way to evaluate the probability and impact
and format in which risks will be of each risk in order to prioritize the risk
recorded. and plan the mitigation strategy.
Monitoring, Controlling, and Reporting
• Describe how the risks in the project
will be monitored.
• Ensure that risk monitoring is
continuous throughout the lifecycle of
the project and the trigger conditions
for each risk are identified. 32
