Risk management is a dynamic process that starts prior to the formal standing up of the ICT Project Team and continues throughout the project life cycle to project close down.
The following diagram provides a process flow of the steps involved in the Risk Management Process. This diagram is based on the Australian / New Zealand Standard 31000:2009 Risk Management.
Risk Management Diagram and Process StepsScott Group has developed a detailed procedure which uses the process steps displayed in the 'Risk Management Diagram and Process Steps' and relates these steps to the Scott Group Risk Register, to step Program/Project Managers through the Risk Management Process. The following document provides an extract from the Risk Management Procedure which is available for purchase along with the Risk Register Template.
ICT Project Risk Management Procedure - Extract - Step 1