Options and Actions (Response Planning)
The steps in the First Risk Assessment of the ATOM risk process described so far (Identification and Assessment) can be viewed as analysis, scoping the extent of the risk challenge for the project, seeking to understand the risks to which the project is exposed. However, simply understanding and describing the risks does not change them. It is vital that the risk process move on to action, actually dealing with the risks in order to change the project’s risk exposure. This is the purpose of the last element of the First Risk Assessment, which in ATOM is called Response Planning.
In many ways Response Planning is the most important step of the risk process, because effective risk responses result in minimized ...
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