Elements and Performance Criteria
- Identify project risks
- Analyse project risks
- Determine risk analysis classification criteria and apply to agreed risk ranking system
- Use risk analysis processes, within delegated authority, to analyse and qualify risks, threats and opportunities
- Determine risk priorities in agreement with project client and other stakeholders
- Document risk analysis outcomes for inclusion in risk register and risk management plan
- Establish risk treatments and controls
- Monitor and control project risks
- Establish regular risk review processes to maintain currency of risk plans
- Regularly monitor risk environment to identify changed circumstances impacting project risks
- Determine risk responses to changed environment
- Implement agreed risk responses and modify plans to maintain currency of risk treatments and controls
- Assess risk management outcomes