Composition of Risk Countermeasures

As shown in Figure 4-7-10, risk countermeasures are roughly classified into risk control plan (risk aversion, mitigation, distribution and transfer), and risk finance (risk transfer, risk holding).

Risks that are not subjected to aversion, mitigation, distribution or transfer by the risk control plan or cannot be dealt with by the risk finance are held in the project as risk. If a troublesome risk event occurs when implementing a project and any appropriate countermeasure is not found, workarounds are required.

Figure 4-7-10: Composition of Risk Countermeasures

Risk coverage expense that is accounted for in the estimate for a project to take measures against this risk holding is risk money, which is, as shown in Figure 4-7-11, classified into three categories: escalation, contingency, and estimate allowance.

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