Sunday, October 7, 2012

Steps of Risk Management

The steps involved in risk management include management planning, identification, response planning, monitoring and control. These steps of risk management are briefly described below:

The above steps of risk management result in various deliverables in each step. Those deliverables are the outputs generated while going through the risk methodology. They are listed as below:


The above mentioned steps of risk management are performed and handled by various designated persons who have their role assigned for each process. Given below is the brief outline of the process against roles that are responsible for performing that process successfully:


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