p2_risk_management_strategy_example_v01.docx - RISK MANAGEMENT STRATEGY EXAMPLE Prince2\u2122 Documentation Release Status FINAL Author John Aldridge

p2_risk_management_strategy_example_v01.docx - RISK...

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RISK MANAGEMENT STRATEGY EXAMPLE
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Prince2™ Documentation Release Status: FINAL Author: John Aldridge, Senior Project Manager Date: 01 January 2016 Filename & Version: p2_risk_management_strategy_example_v01 Project ID: PRDOC01 Methodology: PRINCE2™ 2009 FMD Consultants Limited assumes no responsibility for the usage of any information contained in this document and the way it is handled and disclaims all liability in respect of such information and its provision. Subject to this disclaimer, you may copy and utilise the material contained in the document. This information is based on OGC PRINCE2 material. PRINCE2 is a registered trade mark of the Office of Government Commerce in the United Kingdom and other countries. All registered trademarks recognised & accepted. 1 Document History 1.1 Location This document is stored in the following location: Filename p2_risk_management_strategy_example_v01 Location \web 1.2 Revision History This document has been through the following revisions: Project ID: PRDOC01 Doc Ref: p2_risk_management_strategy_example_v01 Risk Management Strategy Example Page 2 of 17 Date of Issue:01 January 2016
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Version No. Revision Date Filename/Location stored: Brief Summary of Changes VXX 06/10/11 XXXXXXXXXX XXXXXXXXXX VXX 13/10/11 XXXXXXXXXX XXXXXXXXXX 1.3 Authorisation This document requires the following approvals: AUTHORISATION Name Signature Date Executive XXXXXXXXXX Senior User XXXXXXXXXX Senior Supplier XXXXXXXXXX 1.4 Distribution This document has been distributed to: Name Title Version Issued Date of Issue Project ID: PRDOC01 Doc Ref: p2_risk_management_strategy_example_v01 Risk Management Strategy Example Page 3 of 17 Date of Issue:01 January 2016
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1.5 Related Documents Summary of filenames and locations of related documents: Document Type Filename/Location stored: Project Brief XXXXXXXXXX Business Case XXXXXXXXXX Corporate Risk Management Strategy XXXXXXXXXX Risk Register Template XXXXXXXXXX Communications Management Strategy XXXXXXXXXX Project ID: PRDOC01 Doc Ref: p2_risk_management_strategy_example_v01 Risk Management Strategy Example Page 4 of 17 Date of Issue:01 January 2016
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2 Contents 1 DOCUMENT HISTORY .................................................................................................... 2 1.1 L OCATION ..................................................................................................................... 2 1.2 R EVISION H ISTORY ......................................................................................................... 2 1.3 A UTHORISATION ............................................................................................................ 2 1.4 D ISTRIBUTION ............................................................................................................... 2 1.5 R ELATED D OCUMENTS .................................................................................................... 3 2 CONTENTS .................................................................................................................... 4 3 INTRODUCTION ............................................................................................................ 5 3.1 R ISK ............................................................................................................................ 5 3.2 O BJECTIVES OF R ISK M ANAGEMENT .................................................................................. 5 3.3 S COPE OF THIS R ISK M ANAGEMENT S TRATEGY .................................................................... 6 3.4 R ESPONSIBILITY OF THIS R ISK M ANAGEMENT S TRATEGY ........................................................ 6 4 RISK MANAGEMENT PROCEDURE ................................................................................. 6 4.1 I DENTIFY R ISKS – R ISK C ATEGORIES ................................................................................... 7 4.2 R ISK A SSESSMENT .......................................................................................................... 7 4.2.1 Risk Scales ................................................................................ 7 4.2.2 Risk Actions .............................................................................. 8 4.3 P LAN ........................................................................................................................... 8 4.3.1 Objective of Risk Planning ........................................................ 8 4.3.2 Risk Response Categories ......................................................... 9 4.4 I MPLEMENT .................................................................................................................. 9 4.5 C OMMUNICATE ........................................................................................................... 10 5 TOOLS AND TECHNIQUES ............................................................................................ 10 6 RECORDS .................................................................................................................... 10 7 REPORTING ................................................................................................................. 10 8 TIMING OF RISK MANAGEMENT ACTIVITIES ............................................................... 11 9 ROLES AND RESPONSIBILITIES ..................................................................................... 11 10 PROXIMITY .............................................................................................................. 12 10.1 C ATEGORISING R ISK P ROXIMITY ...................................................................................... 12 10.2 R ISK P ROXIMITY A CTIONS .............................................................................................. 12 11 EARLY WARNING INDICATORS ................................................................................. 12 12 RISK TOLERANCE ..................................................................................................... 13 13 RISK BUDGET .......................................................................................................... 13 Appendix A – Risk Prompt List .......................................................... 14 Appendix B – Risk Register ............................................................... 15 Project ID: PRDOC01
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