Risk Management

A Risk is an uncertain event or condition that will affect project objectives if it occurs.
A Issue is a REALIZED RISK. It is something which has already happened and which requires action for resolution.
1. Risk Management

• Identification
• Brainstorming & interviews
• GRM Bid Review
• Bid Risk Analysis Workbook
• Assumptions Analysis
• Assessment
• Planning
• Avoid
• Reduce
• Transfer
• Accept and Control
• Management
• Appoint Owner
• Develop Contingencies
• Ongoing Review

2. Risk Identification

• Categories of Risk
• Scope
• Resources and Logistics
• Market Factors
• Client Factors
• Technical Factors
• Contract and Project Mgmt
• Botth External and Oracle Internal Risks