Establish an ongoing management plan

Assignment Help Management Theories

Reference no: EM133537323

You will be constructing a risk register. Your text suggests five steps in documenting a response to the risk:

Identify Risk-Internal and external including vendors; what are the skill levels of all

Assess Risk-Prioritize low, medium, high

Manage Risk-Determine-Remove, shift, and decrease impact; reassess

Monitor and Control Each Risk-For higher risk, implement more frequent monitoring

Establish an Ongoing Management Plan for Risk Assessment-that requires constant review; update and remove those risks not impacting project

Identify one risk that you will include on your risk register and address each of the five steps for that risk.

Reference no: EM133537323

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