The risk assessment matrix and executive summary

Reference no: EM13794649

Procedure

1. Review the risk assessment matrix and executive summary that you produced in the previous module.

2. For each risk event that you identified as warranting a response, decide the following:

* What your response will be: avoid it, mitigate it, or accept it.

* Your approach for handling the responses that you will avoid or mitigate. Remember to consider outsourcing possibilities.

* The consequences for risks that you will accept, if those risks occur, and why you believe those consequences are acceptable.

3. Use the results of the previous steps to create a risk breakdown structure (RBS), risk register, and a risk management plan.

Reference no: EM13794649

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