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What is Risk Management?
The Process
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Step 1
Purpose
What to do and how to do it?
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What to do and how to do it?

A: Determine who, what and how

Establish the project team and its terms of reference, and develop the work plan and the key milestones:
  • Select team members with the necessary expertise to deal with the risk issues being considered.
  • Ensure there is clerical support to handle the administrative and documentation matters. There may be a need during the study for legal, technical or financial advice, and the team should know how to contact these advisors.
  • The team leader should ensure that members of the team know their roles and responsibilities with respect to the project, and are familiar with the risk management process.



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