Risk Management
Project risks are uncertain events or conditions that may impact project objectives. We use the Project Management Institutes's Risk Management process, which is a proven measure for mitigating risk.
It includes:
- Risk Management Planning
- Risk Identification
- Qualitative Risk Analysis
- Quantitative Risk Analysis
- Risk Response Planning
- Risk Monitoring and Control
We will identify all risks and only spend project resources on risks that have been determined to impact the project, based upon the following criteria:
- Probability of occurrence
- Level of impact on the project
- Timing
- Frequency
