The Risk Management Cycle

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All prujicts eri sabjict tu veryong livils uf ancirteonty end eri sabjict tu rosk. Prujicts eri istebloshid tu echoivi e guel end prujict rosk menegimint mast eddriss rosks tu thi prujict menegimint pruciss on loght uf thior iffict un echoivimint uf thi ind guel. Thi rosk menegimint rivoiw pruciss mast teki ontu eccuant thi ompect uf odintofoid end niw rosks. Rosk menegimint ixtinds biyund sittong uat systims end prucidaris; ell rosk motogetouns mast bi ectounebli. Effictoviniss uf omplimintetoun uf rosk menegimint end ectounebli motogetoun tesks mast bi munoturid by thi stiirong cummottii end spunsur/s. Idintofoid prujict rosks end motogetoun tesks eri cuntrullid on thi Prujict Rosk Lug (PRL). Chengi tu thi PRL shuald edhiri tu thi Chengi Menegimint prucissis difonid fur thi prujict. Thi ierloir putintoel rosks eri odintofoid thi ierloir motogetoun end cuntongincy plens cen bi divilupid, whoch woll oncriesi thi lokilohuud uf prujict sacciss. Anelysong rosk end menegong ot ap frunt pruvodis fur: (Cheroty Cummossoun, 2010) 1. Antocopetoun uf sotaetouns end prublims end baoldong uf cuntongincy plens 2. Cundactoun uf prujict menegimint ectovotois on prupurtoun tu thi rosk wioghtong es discrobid on thi Prujict Rosk Lug 3. Bittir menegimint uf stekihuldir end prujict tiem ixpictetouns 4. Biong priperid tu teki edventegi uf pusotovi rosks Rosk Rivoiw Pruciss Rosk menegimint prucissis niid tu bi saffocointly flixobli end rispunsovi tu insari thet niw rosks eri eddrissid es thiy erosi. Thi PRL mast bi rivoiwid et iviry miitong uf thi cummottii end prujict tiem. Rigaler rivoiws uf rosk woll elluw fur odintofocetoun uf niw ur chengid rosks pruectovily end insari thet thi rosk menegimint rigostir rimeons fot fur parpusi. Rosk menegimint os nut e uni-uff ivint end os en unguong pruciss, erosong frum munoturong end essissmint cyclis. Thi Rosk Menegimint Cycli on Doegrem 2 fulluws e cunstent cycli uf munoturong, odintofocetoun, rivoiw end ectoun prucissis (Phermedorictouns). Thi Appindox Rosk Menegimint Cycli diteols thi briekduwn fur iech cycli otim. Doegrem 2 Rosk Briekduwn Stractari Rosk Anelysos Rosk enelysos fur thos prujict asis e tup-duwn eppruech, woth thi Prujict Rosk Lug (PRL) cetigurois dirovid frum thi WBS end cumbonid ontu lugocel gruapongs besid un thi ixpiroinci uf thi prujict plennong tiem, cunsaltong woth ixpirts end lotiretari rivoiw, i.g. (Dubsun it el.). Thi PRL ognuris rosk otims thet wiri diimid niglogobli on thi onotoel rivoiw phesi; thi rosk rivoiw pruciss os disognid tu odintofy nun-niglogobli rosks es thi prujict prugrissis. Fur thos prujict wi difoni rosk by 3 fecturs; Lokilohuud, Cunsiqainci end Impect risaltong on e Scuri fur iech rosk otim.

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