1. Planning risk management

To manage risk, it is necessary to follow a process that includes methodology, definition of roles and responsibilities, accurate cost estimates and planning.

The methodology will enable us to set up tools and data.

Each member of a project team has a role to play and responsibilities to assume in risk management.

A budget must be put in place, and costs will be generated by managing risks and mitigating them by implementing action plans designed to reduce their impact (mitigation plan).

Risk management is carried out within the framework of a schedule, which includes a period for setting aside provisions to absorb the financial and timing impact (float).