Risk Management Process

Start with an overview

Risk Management is a mind map that brings together the risk management plan, risk identification, analysis, responses, and monitoring and control. It also lists brainstorming and the Delphi method alongside impact and probability. Start here to see how the processes and terms fit together before looking more closely at individual concepts.

For another view, the Project Risk Management mind map covers planning risk management, identifying risks and qualitative risk analysis. Compare it with the first map and note which terms appear in both.

Explore risks and responses

The Risk mind map describes a risk as an uncertain event that can affect project objectives. It also lists risk attitude, appetite, tolerance and threshold. Use these terms as prompts: explain each one in your own words, then return to the map to check what you remember.

The flow mind map on identifying risks moves from identification to a short list and a watch list. It also includes responses such as avoiding, exploiting and accepting risk. Use it after the overview to follow the sequence shown in that resource.

Practice with flashcards

Task 10: Risk Management includes the risk register, risk breakdown structure and inputs and tools for risk identification. It also covers qualitative risk analysis. After studying a map, use the deck to test your recall of these terms and return to the map when you need context.

There are no quizzes listed on this topic page. A free account lets you make your own quizzes and save your quiz scores, as well as create maps, flashcards and notes.

Place the topic in the unit

Risk Management Process is one section of the Project Risk Management unit in Business administration and management (incl. project management). The maps and decks offer different ways to study the processes named in this section, from planning through risk control. Choose a resource and work through it at your own pace.