Risk identification
PRM follows a standard cycle
- Identify, analyze, mitigate, respond and/or record
The vehicle for tracking the PRM cycle
- Is the Project Risk Register
In Institutionalized PRM risks associated with projects
- May occur at any of four levels
- Corporate/Strategic: financial, political, cultural
- Program: business, funding, security
- Project: functionality, quality, delay, cost overrun
- Operations: lack of use, training, political resistance