Step 4.6 Identify and manage risks
At the beginning of a project, think of all the risks that exist and prioritise them by the impact and likelihood, as described in the section ‘Risks’ at the start of this chapter. Start by reviewing the assumptions in your Project Definition and decide if any of these add significant risk to your project.
For larger projects, a good way to do this is to run a brainstorm with the project team as part of the mobilisation session. Once you have this initial log, you need to keep it updated. If additional risks are identified, they should be reported to you. At your weekly review session ask all team members if there are any new risks.
Once you become aware of risks, then you should document them in a risk log. ...
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