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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
◦ 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
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
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This document was uploaded on 01/22/2014.
- Winter '14