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- Risk Management
- Process
- Risk review
Risk review
Assess a project concern, name its response and return to it at a dated checkpoint.
Step by step
-
Identify risk Risk Owner
Risk Owner writes the concern against the project, with a description and identified date. A clear project link keeps the assessment in the right delivery context.
- Connect concern to the engagement
- Updates Risk register, Projects
-
Assess exposure Risk Owner
Risk Owner chooses the category, likelihood and impact. Project Manager reviews the score and rating alongside the project's current dates and status.
- Record likelihood, impact and category
- Updates Risk register, Projects
-
Plan mitigation Risk Owner
Risk Owner writes the response, names who will carry it and moves the record into Monitoring when the team is actively watching the response.
- Describe response and assign delivery work
- Updates Risk register, Tasks
-
Review checkpoint Project Manager
Project Manager opens the dated checkpoint, reads the current risk and delivery work, and records whether the review was Met or Missed.
- Record the dated review outcome
- Updates Review checkpoints, Risk register
-
Reassess Risk Owner
Risk Owner changes the assessment if conditions change. When the response has reduced the exposure, the risk can become Mitigated; Closed is a later conclusion about the remaining concern.
- Keep remaining exposure current
- Updates Risk register, Projects
Who does what
Roles and permissions- Risk Owner
- Maintains the assessment; Project Manager owns the project review; Delivery Lead coordinates assigned work.
Set up Risk Management your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.