Attachement 3. RISK MITIGATION PLAN
The Risk Mitigation Plan provides direction and control for the identification, documentation, correction methodology, and closure of risks on the program.
Risk Management is an organized, systematic decision-making process designed to identify, analyze, plan, track, control, and document each and all risks to increase the probability of achieving project goals. Risks are events that may or may not impact the cost, schedule, or technical quality of the project and product.
Risk management is the responsibility of everyone on the team. It implies control of possible future events and is proactive rather than reactive. There are four elements of the risk management process.
Risk Identification. Potential risks ...
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