The primary purpose for the formal risk management process is to provide Management, Staff and Contractors with the necessary tools to assess and manage project-related risk. When risks are understood and their consequences are measured, decisions can be made to allocate risks in a manner that minimizes costs, promotes project goals and ultimately aligns the project team with the project needs and objectives.
- Hazards and Risks
- Risk assessments
- 6 Step Risk Assessment process
- Impact identification