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Cost, schedule, and performance
assessment
The intersection of the assessed probability and severity of a hazard is the Risk Level.
risk level
The five major components of the risk-management process are: 1. Identifying sources of risk - The process of determining which risks might affect the project and documenting their characteristics. 2. Analyzing and assessing risk - This component of the risk-management process is intended to quantify (analyze) and prioritize (assess) the risks identified. Those risks that have a combination of a high probability of occurrence and a high consequence of loss have to be addressed in project planning and execution of the project work. 3. Responding to risk - Once a risk has been identified, analyzed, and assessed, a decision must be made concerning the appropriate response to the specific event. Responses to risk are: Reducing or retaining risk, Transferring risk, or Sharing risk. 4. Planning for contingencies - A contingency plan is an alternative or backup plan that is to be put into action if a possible foreseen risk event materializes and becomes a reality. Contingency plans typically cover schedule, cost, and technical (or scope) risks. Some examples of these risks and conceptual contingency plans to handle the risk events are: Schedule risk, Cost risk, Technical risk 5. Establishing contingency reserves - Contingency funds are established to cover errors in estimates, omissions, and uncertainties that may materialize as the project is implemented.
Cost, schedule, and performance
Assessment is the intersection of the assessed probability and severity of the hazard called in the Composite Risk Management.
The risk.
There are objective, measurable signs and symptoms of pain that can be looked for. The goal of good pain management is the absence of these signs.
Risk Level
Risk Level
Risk Level
Risk Level
service has assessed
what step in the composite risk management process is focused on detemining the probability and severity of a hazard occuring
assessed = evaluated
Leadership effectiveness is best assessed