Risk Response Planning – next plan mitigation activities, contingency activities, and review the risk action plans.Ĥ. Risk Analysis – this involves categorizing risks, impact analysis, risk reviews, risk acceptance and updating the Risk Log.ģ. Risk Identification – the Risk Manager conducts risk identification meetings and uses the Risk Identification report and questionnaire to assist with initial identification of risks.Ģ. Here’s are five steps to help you build your Risk Management Plan.ġ. Risk Managers uses this information to prepare mitigation actions and contingency plans in order to counteract the potential impacts these risk may have on the project’s success.
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