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Developing risk evaluation criteria

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Reference no: EM133524944

Article on project risk management

1. Developing risk evaluation criteria specific to a product/program,

2. Holding a risk identification session using techniques proven successful on multiple commercial and military product development programs,

3. Evaluating the risks against the product/program specific risk evaluation criteria without being overwhelmed by analysis,

4. Applying risk response strategy(ies) and developing risk response plans to address a given risk item,

5. Monitoring and controlling the risk response plan execution process through the use of trigger events, Red/Yellow/Green (R/Y/G) summaries, etc. to minimize cost while maximizing impact.

Reference no: EM133524944

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