Assign Risk Actions

The number of people to assign to risk-related tasks depends on the size of the project. On small to medium-sized projects, the project manager usually performs this task with limited help. On super projects, it is not uncommon for a dedicated project risk steering group (two to four people) to be created. In this case, the steering group would obtain and formally review all submitted project risks and either (1) approve, (2) reject, or (3) postpone until further assessment has been completed. Options that the steering group would present to the project or development manager would be one of the following:

Close the risk in the risk log if there are no outstanding risk actions and the risk is no longer likely to impact the project.

Submit a change request to resolve the risk, thereby indicating that the project will have a change.

Assign action items to resolve the risk.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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