6.3. RISK CONTROL
Once a project manager has identified and prioritized the risks, the question becomes what to do about them. Knowing the risks is of value only if you can prepare a plan so that their consequences are minimal—that is the basic goal of risk management. You minimize the effects of risk in the second step of risk management: risk control. Essentially, this step involves planning the risk mitigation followed by executing the plan and monitoring the risks.
6.3.1. Risk Management Planning
Once risks are identified and prioritized, it becomes clear which risks a project manager should handle. To manage the risks, proper planning is essential. The main task is to identify the actions needed to minimize the risk consequences, generally ...
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