Elements and Performance Criteria
- Identify project risks
- Identify risk objectives and standards, with input from stakeholders
- Identify project risk context to inform risk management processes
- Identify project risks using valid and reliable risk identification methods
- Identify risk analysis classification criteria and apply to agreed risk ranking system
- Use risk analysis processes, within delegated authority, to analyse and qualify any risks, threats and opportunities
- Identify risk priorities in agreement with project client and other stakeholders
- Document risk analysis outcomes for inclusion in risk register and risk management plan
- Establish risk treatments and controls
- Monitor and control project risks
- Assess risk management outcomes