Implementing Risk Response Strategies

Once a course of action has been developed for a risk event, the strategy must be implemented. A good strategy includes risk triggers to alert the project team of impending risk events. Although the project manager has the ultimate responsibility for the risk plan, she may designate a team member to monitor risk events likely to occur in their technical areas. Monitoring risks involves more than observing whether the anticipated risks occur; it involves determining if the strategies to respond to the risks are adequate or whether other actions are required, which is a function of the next step—tracking risk response.

Managing Information Technology Projects
Managing Information Technology Projects: Applying Project Management Strategies to Software, Hardware, and Integration Initiatives
ISBN: 0814408117
EAN: 2147483647
Year: 2003
Pages: 129
Authors: James Taylor

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