Project Risk Management: A Practical Implementation Approach

CHAPTER

10

Determining and Planning Project Risk Responses

As mentioned in Chapter 4, the risk management process steps of risk identification, analysis, and response are not exactly distinct events that are performed sequentially and then finished. They are typically integrated process steps and are usually performed iteratively. When the team identifies individual project risks, they usually analyze them and determine alternative ways to respond to them as part of the entire risk evaluation process. In addition, when trying to assess overall project cost and schedule risks, the team doing so must have insight into the various individual risks that have been analyzed. So although the risk evaluation process is separated into its composite ...