Raise and Assess the Risk

This process provides the ability for any member of the project team to raise a project-related risk. The following procedures are followed:

The originator identifies a risk applicable to a particular aspect of the project (e.g., scope, deliverables, time scales, or organization are in jeopardy).

The originator completes the risk log and distributes the form to the project manager. (See the accompanying CD-ROM for a risk log template.)

The project manager ensures the risk is captured accurately.

The project or development manager reviews all raised risks and determines whether each risk is applicable to the project.

The project or development manager formulates an impact of the risk.

If the risk is considered relevant by the project or development manager, a formal risk is raised in the risk log, where the impact and probability are calculated, based on the input provided by the person originating 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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