Magedezzatgeorgy risk risk management process risk

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Unformatted text preview: ement tools and techniques to your project to reduce threats to an acceptable level while maximizing opportunities (Kim Heldman, 2005) Dr. Maged Ezzat Georgy Risk Risk Management Process Risk management concerns these five stages: ◦ Identifying and documenting potential risks ◦ Analyzing, assessing and prioritizing risks ◦ Developing risk response plans ◦ Monitoring risk plans implementation and applying controls ◦ Performing risk audits and reviews Dr. Maged Ezzat Georgy 1. Risk Identification It means identifying and writing down all the potential risks that may exist on your project. Identifying risks typically occurs throughout the life of the project. Dr. Maged Ezzat Georgy 2. Risk Analysis Ri & Assessment Assessment This means applying tools and techniques to determine which ones have the greatest potential for harm (and for good) to the project. Think of this stage as if we try to re-arrange the list of risks with respect to their significance. Dr. Maged Ezzat Georgy 3. Risk Response Planning Risk res...
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This document was uploaded on 01/22/2014.

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