Planning responses to risks - 2
Risk responses and impacts
- May affect any of the levels of the
- Organization; program; project; and/or operations
Risk response plans
- Must be documented and available
- With role responsibilities assigned
- The larger the risk, the more senior the responsibility
Cost of responses
- Should be in proportion to the risks they address
- With a good chance of keeping the impact within identified limits
Communications
- Must be open across the departments involved
- "A stitch in time saves nine" !