Pm587

In: Business and Management

Submitted By khwanchanok
Words 706
Pages 3
Purpose This document describes how we will perform the job of managing risks for an organic fruit parfait. It defines roles and responsibilities for participants in the risk processes, the risk management activities that will be carried out, the schedule and budget for risk management activities, and any tools and techniques that will be used.

Roles and Responsibilities Project Manager The Project Manager will assign a Risk Officer to the project. The Project Manager and other members of the Project Management team will meet Monthly to review the status of all risk mitigation efforts, review the exposure assessments for any new risk items, and redefine the project's Risk List.

Risk Officer The Risk Officer has the following responsibilities and authority:
The Risk officer will be responsible for documenting any risk that are brought forth in the Project Team Meetings and assigning them priority. Assigning team members to develop mitigation strategies and presenting the best options to the Project Manager. Risk Documentation Risk List The risk factors identified and managed for this project will be accumulated in a risk list, which will be maintain and managed by the Risk Officer.

Risk Data Items The following information will be stored for each project risk:
What is the risk? How will it affect the project? Is it correctable? Who has been assigned to it? When was the Risk discovered? When (if applicable) was the Risk closed?

Closing Risks A risk item can be considered closed when it meets the following criteria:
The mitigation process has completed and has been report successful. Or the Risk is no longer considered valid.

Activities
Risk Analysis and Prioritization Task Participants The Risk Officer will assign each risk factor to an individual project member, who will estimate the probability the risk could…...

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