Risks Are Identified, Prioritized And Managed

A Risk is a possible event that may impact the outcome of a project.

All Risks are identified during the Inception Phase and a Risk List is developed which includes mitigations and contingencies plans for each Risk. Usually, a Risk List identifies up to 20 areas of concern.

You select a strategy for addressing each Risk and the Scope, Cost, and Schedule are adapted according to Risk response plans.

Besides this formal procedure of Risk Strategies acceptance we conduct a full-scale risk management in each Iteration, including risk identification, analysis, and response planning.