Your Risk Management Process: A Practical And Effective Approach
Source: Project Smart
A risk management process does not have to be complicated or time consuming to be effective. By following a simple, tested, and proven approach that involves seven steps taken at the beginning of each project (fewer if a generic list of project risks has already been established), the project team can prepare itself for whatever may occur. Of course there will always be changes and there may still be surprises, but the end result is that they are fewer, that the team feels prepared and that the project is not taken off course.