Scribd
Upload
16 views

Help Doc B

The document provides instructions for completing a risk management table with 11 columns related to project risks. It describes populating the table with a risk ID, classification, description, related area, probability, impact, and risk evaluation for each identified risk. It also specifies whether to select risks for mitigation and include mitigation plans for those selected and contingency plans for other risks. Risk avoidance activities should also be documented.

Uploaded by

Saloni Aneja
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
16 views

Help Doc B

The document provides instructions for completing a risk management table with 11 columns related to project risks. It describes populating the table with a risk ID, classification, description, related area, probability, impact, and risk evaluation for each identified risk. It also specifies whether to select risks for mitigation and include mitigation plans for those selected and contingency plans for other risks. Risk avoidance activities should also be documented.

Uploaded by

Saloni Aneja
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Submit the updated Project Risks related information as following table:

1
Risk Id

2
Classification (Acc to SEI taxonomy)

3
Description of Risk

4
Risk Area ( Identify Risk Areas for your project)

7
RE (P* I)

8
Risk Selected for Mitigati on (Y/N)

10

11
Any Risk Avoidance Activity

Probability Impac t

Mitigati Contingency on Plan plan , if 8 is if 8 is Y N

Fill details of Cols 1 -3, after consulting SEI taxonomy document provided herewith and from findings of your literature survey. For 4, Develop major risk prone areas for your project specifically. Assign each risk to one of these areas. For 5,6 and 7, assess probability and impact of individual risks using a simple high (H), medium (M), low (L) rating system to establish the top n list and assign 5, 3 and 1 numbers for quantitative representations. Sort the table according to your priority of risks. (8) Due to cost and time limitations, only some significant risks are considered for mitigation. For every identified risk , decide if it is important enough to be mitigated In 9, for all risks selected for mitigation, provide mitigation plans i.e. plans that will reduce the probability/impact of the risks. In 10, for not-so-significant risks where no mitigation has been done, draft contingency plan, that should trigger, if the risk actually realizes. In 11, report risk avoidance activities, which is eliminating the cause of the risk such as revising the scope to exclude that part involving the risk.

If you want to give extra information about any of the columns, do it on a separate page with proper reference.

You might also like