Continuous Risk Management Process Results in Early Risk Identification and Mitigation and Increased Project Success
The Risk Management Cycle starts when an ad hoc risk is identified. The process progresses through the following stages, all supported
by the Fulcrum Risk Management Repository.
- Identify. Surface, list, and locate areas of potential risk. This leads to …
- Analyze. Evaluate and convert risk data into decision-making information. This leads to …
- Prioritize. Rank, schedule, assign, and manage risk mitigation activities. This leads to …
- Plan. Monitor status to closure (through regular reviews of items). This leads to …
- Monitor and Control. Correct deviations from planned risk mitigation activities. This leads back
to the first stage—Identify—for another iteration of this cyclical process.
Page containing this image
Fulcrum IT home page
