Risk type: financial, technical, etc..

Preventative measures: actions to prevent risks from becoming issues (must

have dates)
Contingency measures: actions to mitigate or fix the issue when risks have
already become issues

Status: Open

Risk trigger: what triggers the risk to become an issue

Standard risk model = probability * impact

What drives top risk? Not the score, but the threshold
Preventative measures and contingency measures?
How do you fund the actual measures for the risk or issue? Change control
process

Explain how you score the probability and impact for each risk.

Document threshold

Change control (change management) begins when scope is approved

Submit change template to change control board (3 people: 2 from inside
project, 1 from outside)
CCB says yes to the change -> change template forwarded to sponsor.
Sponsor says yes to more funding -> have to specify where funding comes
from: contingency reserve or management reserve -> . Sponsor says no ->
risk owner has to go through the process again.
CCB says no to the change -> they accept the risk. If it is an issue, the CCB
disagree with the cost-benefit analysis or the action -> risk owner has to go
through the process again

Risk cost project the most at the end of execution. How do we prevent the
risk cost the project the most at the end of the execution? MONITORING &
CONTROLLING -> have milestones to get feedbacks from customers,
stakeholders at the end of each milestone.