Project Risk Framework Development
Introduction.
Risk is inherent in every project ever initiated. By identifying and managing risks today organisations and businesses can plan well ahead for the potential pitfall and avoid the fate of the less prepared. Risk Management Frameworks serves as a basis for development of associated policies, procedures and documents required for project risks.
The proposed framework shall be developed in consultation with department representatives to support the implementation of risk management requirements and enhance the practice of risk management throughout your organization.
The guidelines presented in the proposed framework shall assist your organization in enabling individuals tasked with the responsibility of managing risks to enhance their risk management capabilities since risk management involves a continuous journey of discovery and control.
By the end of the project a Project Risk Document Framework shall be finalized and presented as a basis for managing project risks faced.
The final project risk framework shall comprise the following
- Project Risk Categorization development and definition
- Project Risk Register
- Project Risk Reporting
- Project Risk Assessment Templates
- Project Risk Management Tools
- Project Risk Management Guidelines
- Project Risk Management Checklist
- Project Risk Communication and Consultation Plan
- Sample Project Risk Management Reports
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