Chapter 9
Applying Triggers and Thresholds
This chapter covers the following subjects:
The trigger is a longstanding standard of risk management. It’s a warning sign. It’s a visible or physical manifestation that a threshold has been (or is about to be) breached and that a risk that might drive us to a tolerance is imminent. The warning signs of risk management can tie to every type of risk, from compliance to safety to cost and schedule.
Triggers shift based on project context. They shift based on the environment. But no matter the nature of the triggers, they must be broadly communicated. They can be communicated as a matter ...
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