Risk Management Plan Flowchart - Drawio
Risk Management Plan Flowchart - Drawio
Risk Management Plan Flowchart - Drawio
High Risk
Risk Seeker
Risk Averse
Risk Neutral
Identification of Risk
SWOT
OPA's EEF's
Analysis
Expert Focus
Other Tools
Judgement Group
P
Tornado
Analysis
Decision Tree
Analysis
N
Expected
Quantitative
Monetary
Analysis
Analysis
Monte Carlo
N Analysis
Other Tools
Put Response
You identify
Active Acceptance Passive Acceptance the risk but
do nothing
Plan A
Contingency Plan
Plan B
Fall Back
E
X
E Small /
Residual Risk
If Trigger Happens
C Risk Owners Contingency Plan
U look for triggers
T Secondary Risk
I
O
N
M
Checking
O whether we
Audit
N are following
RMP
I
T
O
Monitor & Control
R Weekly /
Risk Review Meeting Bi-Weekly
I Meeting
N
G
O
N
T High Level
Risk,
R Overall Risk
Risk Report Exposure &
O Total Risk
L
Important Notes:
Risk : Anything you did not identify but before occurrence you identify & make a plan for it.
Issue : Anything you identify after occurrence & you did not have a plan to handle it.
Issue Log : is a project document where all issues that are negatively affecting the project
are recorded & tracked.