• Internal Code :
  • Subject Code : BSBPMG517
  • University : Southern Cross Institute
  • Subject Name : Manage project risk

Assessment Task 1 – Questioning

1. Risk Management is an important step in a project or for an organisation. Risk management is the process of identifying the potential risks before they occur. It is an integral part of the governance and good management. Every project face risks some are expected while some are unexpected. These risks may cause the projects to incur extra cost or may even lead to its closure. Risk management plan helps the project managers to be prepared for the unexpected risks, minimising the impact of the expected risks, and thus reducing the costs involved in the risks. 

Risk management is the part of the planning phase of a project. By doing this, the managers make contingency plans for the identified risks which would impact the project in terms of cost, scope, budget, or time.

2. A risk management plan is a document which describes the approach of the management to manage the risks. The key components of risk management plan are:

  1. Roles and Responsibilities: This defines the lead, support and members and the responsibilities of the everyone involved in the risk management plan. It is important to establish the roles and responsibilities of the personnel involved in the risk management plan.

  2. Timing: this refers to the times that that risk management process was performed. For results to have an impact on the decisions, the risk management process should be performed very often. 

  3. Thresholds: is a tool to measure the degree of uncertainty and the level of impact of the risk. It sets a certain value that the risk would be accepted by the organisation or not.

  4. Communication: it is the exchange of information with the mere objective of ensuring that the understanding of the risk is improved, which would affect the perception of the risk, and equipping people to act appropriately in response to an identified risk. A strong communication is the foundation of the risk management.

  5. Tracking and Auditing: it is the examination and documentation of the effectiveness of responses to deal with the identification of the risk and their causes for understanding the effectiveness of the risk management process. It is important to conduct risk audit for the development of the management of the risk.

3. The 10 principles of risk management are:

  1. Policy

  2. Planning

  3. Product or Service

  4. Process

  5. Premises

  6. People

  7. Protection

  8. Procedures

  9. Purchasing

  10. Performance

4. Evaluation of the risks helps in determining the significance of the risks and helps in deciding whether an action is required for reducing or mitigating the risk. They can be evaluated by considering the consequence and probability of each risk. Sensitivity analysis is used for prioritising the risk; it helps in determining the potential impact of the risk on the project. 

5. The following concepts are explained in brief:

  1. Risk Responsibilities: it is the responsibility of the risk manager to communicate the risk policies and procedures for an organisation. The responsibility of the risk manager is to ensure that the risks are identified, evaluated, and their mitigation strategies are developed in time.

  2. Risk Register: risk register is a risk management tool which is used for identifying the potential risks in an organisation, which can cause the derailment of the project outcomes.

  3. Risk Criteria: standards which represent a view, of which risks are acceptable, unacceptable, or need to be reduced for optimum functioning of a project. 

  4. Risk Classification: it is determination of risk being preferred, standard or sub-standard on the basis of underwriting or risk evaluation process.

6. Strategy that can be used for ensuring participatory arrangements are established and maintained with employees and their representatives within a small business.

  1. A task group should be set up for overseeing the design of participative arrangements

  2. Ideas should be encouraged from all the group members and employees of the organisations  

  3. Draft roles, responsibilities, structures, and timelines

  4. Seek feedback from the stakeholders and management of the business

  5. Make changes

  6. Develop documentation and procedure requirements, for example, forms. 

  7. Train the employees

  8. Review policies and procedures, for accommodating changes according to the needs and requirements of the employees

7. The main purpose of AS/NZS/ISO 31000:2009 is to provide a common approach in support of the standards dealing with specific risks and/or sectors, and does not replace those standards.

Some similarities between AS/NS/ISO 31000:2009 and risk management plan are as follows:

a) it provides guidelines on risk management.

b) it is used by all the organisations: private and public enterprise, irrespective of the industry or sector.

c) it is applied throughout the life of the business organisation.

d) is used for all types of risks irrespective of their nature, or consequences.

8. Steps in developing risk management plan are as follows:

  1. Identify the risk

  2. Analyse the risk

  3. Evaluate the risk

  4. Treat the risk

  5. Monitor and review the risk

9. Methods which can be used to consult with employees to review effectiveness of the risk management plan are as follows:

  1. Through staff meetings and communication.

  2. Through Feedback forms

  3. Through E-mails, newsletters or other written communication methods

  4. Through establishment of employer/employee (and employee representative) committees

  5. Regular performance and training reviews

10. The stakeholders are included in the determining the objectives of the risk management because they help in understanding the different causes of the risks, help in identifying the risks that the project may have, and also help in development of the risk mitigation strategies.

11. Two methods that can help a project manager to keep up-to-date to any risk probabilities beforehand are:

  1. Continuous monitoring of the progress of the project

  2. Regular tracking of the risks

  3. Making report after completion of the project for identification of the risks, their causes and effects; so that it can be taken care of in another project.

12. Two key components of risk management plan are as follows: 

  1. Probability Impact Matrix: helps in identifying the probability of the risk and the impact that it would have on the project.

  2. Risk Register: it contains all the important information about the risks that can occur during the project, their probability, their impact, and risk mitigation or response plan.

13. Inputs can be nurtured from the stakeholders for determining risk objectives by ensuring that the risks, their potential causes and effects are taken into consideration while developing the risk management plan. 

Assessment 2

Part 2

Risk: Management Plan for the position of excavator

Purpose: To identify risks associated with excavation part of the project and develop mitigating strategies for them.

a) Risk Register

the table shows detailed risk register

b) Job Safety Analysis

the table shows detailed Job Safety Analysis

c) Risk Management and Treatment Plan

  1. Receiving excavation permits so that to understand the position of the utility pipes.

  2. Job preparation and planning should be done before commencement of the excavation operation.

  3. Assembling of barriers for reducing cave-ins.

  4. Placing safety signs and boards.

  5. Preparation of safety manuals.

  6. Training of the workers for using equipment required for the operations.

  7. Site inspection, for possible hazards twice a day by the site manager

  8. Ensuring the workers are always using personal protective equipment when on site.

  9. Ensuring first aid equipment are ready and in vicinity for prompt use, in-case of occurrence of the risks.

  10. Training of the workers for safety measures.

  11. Regular servicing and maintenance of the electronic equipment used for excavation.

  12. Ensuring the workers working on the project maintain safe distance from the excavators.

  13. Workers utilise signs or lights for signalling to the excavator operator if they are leading towards rubble or are getting too close to the trench.

  14. Using proper safety equipment, for ensuring the safety of the operator in times of machine rollovers.

  15. Ensuring the operator of the excavator has valid driving license to operator the heavy machinery.

  16. At the end of the project, the unwanted material should be removed using appropriate personal protective equipment for preventing injury to others.  

d)Methods to regularly review risks in the projects and develop a continuous Feedback mechanism

Monitoring and evaluation is an essential component of any management plan. In Risk management plans the triggers indicators and the performance indicators should be monitored periodically. This time frame is mentioned in the Work Health and Safety management plan of the organisation, however, risks should be assessed after completion of the project stage successfully. A risk assessment is a systematic method of looking at work activities, considering what could go wrong and developing suitable measures for controlling it. They should be a part of the planning cycle and should be included during and after completion of every stage. Additionally, risk assessment should be reviewed after occurrence of the risk so that the same risk can be avoided in the subsequent project.

Plan for regularly monitoring and evaluation of risk.

1. Risk identification in the stage

2. Monitoring the operations in the stage and evaluating the occurrence of the risk in that stage.

3. Evaluating the risk at the completion of each stage

4. Evaluating the risk at the completion of the entire project.

Methods of creating continuous feedback mechanism in the project or an organisation are:

1. Employee suggestion forms:  using both anonymous and non-anonymous methods, employees should be provided with feedback forms for providing their inputs on the risk management efforts of the management.

2. Dedicated feedback mail: regularly sending the feedback e-mails to the employees and designate an employee for its feedback.

3. Periodic Staff meetings: employees should be encouraged to share the feedback in the periodic staff meetings.

4. Incentives: providing the employees the incentives for reporting in the effectiveness or ineffectiveness of the risk management strategies and suggesting changes.

Part 3 - Report

Introduction

Rural Support NGO (RSN) had contacted Urunduru Well Drilling for building a well in the Northcote. Because of the complex operations involved in the excavation of the new well, an assessment was conducted for identifying the risks associated with the project. 

Risk Identified

There were few risks, their impact and likelihood, were identified in the excavation. These risks had high probability of occurrence, such as:

1. Trench Collapsing – this may cause severe injuries to the workers or may even bury them inside, this could have high impact on the project.

2. Workers falling into pit is another high impactful and life threatening risk, which requires appropriate control measures.

3. Depleted oxygen levels in the trench is another risk which may prove to be fatal for the workers working in the trench and can be impact the project negatively.

4. Mobile equipment falling into trench can be disastrous for the project as it may cause many causalities and may also cause the entire trench to cave in.

5. There another high possibility of hitting the utility lines which may cause explosion, electrocution, or drowning.

Control Measures

Control measures or strategies which can be used for taking care of the identified and unidentified risks are:

1. Receiving excavation permits so that to understand the position of the utility pipes.

2. Job preparation and planning should be done before commencement of the excavation operation.

3. Assembling of barriers for reducing cave-ins.

4. Placing safety signs and boards.

5. Preparation of safety manuals.

6. Training of the workers for using equipment required for the operations.

7. Site inspection, for possible hazards twice a day by the site manager

8. Ensuring the workers are always using personal protective equipment when on site.

9. Ensuring first aid equipment are ready and in vicinity for prompt use, in-case of occurrence of the risks.

10. Training of the workers for safety measures.

11. Regular servicing and maintenance of the electronic equipment used for excavation.

12. Ensuring the workers working on the project maintain safe distance from the excavators.

13. Workers utilise signs or lights for signalling to the excavator operator if they are leading towards rubble or are getting too close to the trench.

14. Using proper safety equipment, for ensuring the safety of the operator in times of machine rollovers.

15. Ensuring the operator of the excavator has valid driving license to operator the heavy machinery.

16. At the end of the project, the unwanted material should be removed using appropriate personal protective equipment for preventing injury to others.

Discussion

As discussed with the Project Lead of Rural Support NGO (RSN), the following were agreed upon:

1. Urunduru Well Drilling will ensure that the workers are trained and ready for the work.

2. Urunduru Well Drilling will ensure that the equipment used are in proper condition and serviced.

3. Urunduru Well Drilling will ensure all the materials required for the safety of the workers are available before the work begins.

4. Urunduru Well Drilling will ensure there is a safety coordinator at the site 24*7.

5. Urunduru Well Drilling will inspect the site before the excavation is commenced, and any need for the site maintenance will be borne by Rural Support NGO.

6. Urunduru Well Drilling will ensure that there are proper barricades, signs, safety boards for the safety of the public around the construction site.

7. Urunduru Well Drilling will ensure that there is proper warning system at the construction site.

8. Urunduru Well Drilling will ensure that each step of the excavation project is reviewed and assessed for the potential risks. 

9. Rural Support NGO will provide all the necessary finances required for ensuring safety at the site.

10. Rural Support NGO will clear the dues after completion of each construction stage. 

11. Rural Support NGO will ensure that there is proper compliance to laws in the construction project.

12. The entire site will be inspected by Rural Support NGO, and any abnormalities will be disclosed with the construction company, failing which any risk which arises due to negligence on the part Rural Support NGO, the NGO will have to bear the consequences, henceforth.

13. Rural Support NGO will review all the safety procedures and policies developed for the safety of the project.

14. Urunduru Well Drilling will review the risks during and after the completion of each stage.

It was also discussed in the meeting that the Urunduru Well Drilling Company will review the risk process after completion of every stage. 

Conclusion

It is concluded from the discussion and assessments that the Urunduru Well Drilling will be taking care of all the requirements pertaining to risk identification, assessment, and development of mitigation and control measures to ensure the project is delivered on time and in budget under the supervision of the Rural Support NGO.

Part 4 - Risk Management Plan for the position of excavator

Purpose: To identify risks associated with excavation part of the project and develop mitigating strategies for them.

a) Risk Register

the tabe shows detailed Risk Register

the table shows details Risk Register

b) Job Safety Analysis

the table shows detailed Job Safety Analysis

There are few measures that can be taken to mitigate the risks in the excavation project, for mitigating risks:

c) Risk Management and Treatment Plan

  1. Receiving excavation permits so that to understand the position of the utility pipes.

  2. Job preparation and planning should be done before commencement of the excavation operation.

  3. Assembling of barriers for reducing cave-ins.

  4. Placing safety signs and boards.

  5. Preparation of safety manuals.

  6. Training of the workers for using equipment required for the operations.

  7. Site inspection, for possible hazards twice a day by the site manager

  8. Ensuring the workers are always using personal protective equipment when on site.

  9. Ensuring first aid equipment are ready and in vicinity for prompt use, in-case of occurrence of the risks.

  10. Training of the workers for safety measures.

  11. Regular servicing and maintenance of the electronic equipment used for excavation.

  12. Ensuring the workers working on the project maintain safe distance from the excavators.

  13. Workers utilise signs or lights for signalling to the excavator operator if they are leading towards rubble or are getting too close to the trench.

  14. Using proper safety equipment, for ensuring the safety of the operator in times of machine rollovers.

  15. Ensuring the operator of the excavator has valid driving license to operator the heavy machinery.

  16. At the end of the project, the unwanted material should be removed using appropriate personal protective equipment for preventing injury to others.  

d)Methods to regularly review risks in the projects and develop a continuous Feedback mechanism

Plan for regularly monitoring and evaluation of risk.

1. Risk identification in the stage

2. Monitoring the operations in the stage and evaluating the occurrence of the risk in that stage.

3. Evaluating the risk at the completion of each stage

4. Evaluating the risk at the completion of the entire project.

Methods of creating continuous feedback mechanism in the project or an organisation are:

1. Employee suggestion forms:  using both anonymous and non-anonymous methods, employees should be provided with feedback forms for providing their inputs on the risk management efforts of the management.

2. Dedicated feedback mail: regularly sending the feedback e-mails to the employees and designate an employee for its feedback.

3. Periodic Staff meetings: employees should be encouraged to share the feedback in the periodic staff meetings.

4. Incentives: providing the employees the incentives for reporting in the effectiveness or ineffectiveness of the risk management strategies and suggesting changes.

Advice: With the new and likely risk of supply shortage the procurement manager should ensure that the company is able to procure the materials in time. If, it is likely that the supplier will not meet the requirements, the procurement manager should ensure that the supplier is legally bounded to deliver the required good in time. If not, it is the responsibility of the procurement manager to ensure that the raw material of the similar quality is procured so that the project can be completed in time.

Part 5 - Report

Introduction

A risk management plan is developed in the anticipation of the risks which are likely to occur, however, one can never be one hundred percent accurate in estimating the kinds of risk a project may have. For example, the risk officer had not anticipated the delay in the project can be caused due to delay in the procurement of the raw material. Thus, the success of the risk management plan is dependent on the risk analysis, management policies, communication, planning, and activities. Also, a well-defined risk management plan can only successful if all the risks are identified. Hence, a critical evaluation of the plan is essential at every stage of the project so that the organisations are able to identify flaws before they get converted to actions. Risk management in the deep excavation project is an important element for the success of the project. 

Recommendations for improving risk management process

Every risk management plan has some scope for improvements. The risk management plan developed by Urunduru Well Drilling also has scope for improvements. Some recommendations for improvement of the risk management process is as follows:

1. All the stakeholders must be consulted while preparing the risk plan so that all the possible risks can be identified.

2. It is also important to include the training plan for workers so that they know what to do in case of occurrence of any risk.

3. Procurement of raw material should be ensured, and the delivery should be planned so that the construction work doesn’t get affected.

Risks that affects Urunduru Well Drilling’s future

There are few risks that affects all the organisations, irrespective of the risk control strategies that a company may develop. Few risks that may affect the Urunduru Well Drilling’s future are:

1. Poor Project Planning, with respect to not being able to efficiently identify the risks which may affect the projects.

2. Stringent government laws for the environment sustainability as the construction work is a major reason for the environmental pollution.

3. Changes in government policy may affect the construction work adversely.

4. Worker’s strike because of the company’s inability to provide safe working conditions to its workers.

5. Not being able to adapt to the changing technological changes in the construction industry may lead to its downward facing future.   

Recommendation for improving future projects

However, being up-to date with the technology, keeping track of the changing government laws, ensuring appropriate safety of the workers on the construction site, rigorous planning, and finding ways for the developing ways of not harming the environment and using materials and technology which is environmental friendly, in addition to better risk assessments would help company in their future projects.

Conclusion

Risk Management plan is an important component of an organisation and evaluation of the risk management plan is a time consuming process which requires a lot of human efforts. Thus, it is better to analyse and evaluate the plan at every stage of the project or else, it would lead to wastage of resources in terms of finances, time and efforts.

Assessment Task 3 – Questioning

1. Risk assessment conducted in task 2 part 1 was appropriate, all the relevant events and risks were identified, and it matched the outcome of the risk management plan. The main aim of the risk management is to challenge the assumptions of management decisions in the areas of strategic planning, as well as budgeting and overall performance of the management. Thus, it can be reviewed that the management implemented the risk management recommendations when the accidents on the construction site were less, workers were wearing their PPE gears, there were warning and safety signs, lighting was better and, barriers were in place. 

2. Communicating about the risk to the workers is often used to prevent fear among the workers about the risks involved in their work. It is also important to communicate the risk to the people involved in the work so that their participation in the risk management can be acknowledged, a safe working environment can be developed for them. There are different techniques that can be used for communicating to people about the risks present at the work site. Some techniques are:

a) Using a list format to address the risks involved in the work, in the regular meetings – weekly, monthly, fortnightly, or even daily.

b) Putting flyers in the breakroom, or bathrooms with “today’s safety tip” will keep the workers motivated to look out for the potential hazards at work.

c). Sending regular emails informing the workers about the risks.

d) Asking for suggestions for risk or hazard prevention on the company intranet, emails, and daily meetings.

3. When determining the level of risk within an organisation, the information can be collected from 

a) previous risk registers or risk reports, 

b) issue logs – which would state the previous risks faced and the actions taken to resolve them.

c) audit reports – independent view of the adherence to regulatory guidelines including a review of risk management.

d) business impact analysis – details risk analysis that examines the nature and extent of disruptions and the likelihood of the resulting consequences.

e) Internal and external reviews: reviews undertaken to evaluate the suitability, adequacy, and effectiveness of the department’s systems, and to look for improvement opportunities.

f) taking to the stakeholders involved in the similar project

g) Conducting SWOT and PESTLE analysis would help in understanding the internal and external work environment.

4) A strategy that can be implemented for getting the stakeholders/ employees interested in the OH&S Legislations, is offering the training, education, resources and authority so ensuring that the stakeholders/ employees take ownership of the safety process. For this:

Step 1: Training will be conducted for informing the stakeholders about the OHS Legislations and importance of setting up OHS Management Plan in the organisation.

Step 2: Asking stakeholders to get involved in the process of identification risks.

Step 3: Asking stakeholders for ideas for mitigating those risks

Step 4: A full list of risks, identified by the stakeholders and strategies decided by the stakeholders are rolled.

As this involves getting stakeholders involved in the decision making process, the stakeholders feel interested and motivated to follow the OHS Management plan according to the Legislations as they think, they are the producers and hence the owners of the plan. Thus, will be keen in the implementation of the risk mitigation strategies since the very beginning of the plan.

5) A strategy that can be used to ensure participatory arrangements are established and maintained with the employees and their representatives within the Urunduru Well Drilling 

Step 1: Induction and Training: Integrating health and safety training would help in reinforcing the perception that health and safety is a priority and just be considered as a normal part of our day to day life. 

Step 2: Setting up of Health and Safety Representatives who would be responsible for ensuring health and safety of the workers and other stakeholders related to the project or in the organisation.

Step 3: Conducting regular team meetings on the management of the risks on site

Step 4: Including the stakeholders in the identification of the risks and control measures.

Step 5: Preparing the Work Health and Safety management plan.

Step 6: Seeking suggestions from the relevant stakeholders – Health and safety representative, management, and workers.

Step 7: Making required changes in the plan.

Step 8: Implementing the plan.

Step 9: Maintaining Risk register

Step 10: Send emails, put it on intranet, communicate through daily safety tips during the meeting and at various places on site: such as on the fences, in the bathrooms, in the lunch room, or breakroom.

6) Health and safety issues come under the heading of industrial issues. Issues raised through consultation should be dealt with promptly in order to avoid having to resolve a grievance or dispute under the jurisdiction of quasi-judicial bodies and tribunals which’s function is to conciliate or arbitrate the given matters. Process for ensuring that issues raised through participative arrangements and consultations are dealt with and resolved promptly and effectively are:

Step 1: Record the issues

Step 2: Record relevant aspects of discussions in accordance with workplace procedures

Step 3: Analyse the outcome of the issue.

Step 4: Communicate the outcome to the others.

Step 5: Prepare mitigation plan and control measures for the identified issues.

7) Urunduru Drilling Well should intervene the expert hazard and risk advice if need arise when the risk has been identified or when there are chances that a potential may arise. As the risk expert will be able to explain the severity and likelihood of the occurrence of the risk and the potential impact it would have on the project. For example, when the trench is being dug, the risk management expert can be consulted for preventing the hazards that can occur during the trench building process.

8) Hierarchy of hazard control is a system which is used in the industry to minimise or eliminate exposure to hazards in the project. It is a widely accepted system promoted by numerous safety organisations. 

The hierarchy of controls are elimination, substitution, engineering controls, administrative controls and personal protective equipment.

The hierarchy of control creates a systematic approach to managing the safety of the project and the workplace by providing a structure for selecting the most appropriate and effective control measure to eliminate or reduce the risk of hazards that have been identified as being caused by the operations of the work.

9) The main components of the following legislations or codes of practice are as follows:

a) Duty of Care: The principle of duty of care is that you have an obligation to avoid acts or omissions, which could be reasonably foreseen to injure or harm other people involved in the work. This means you must anticipate risks for your clients and take care to prevent them coming to harm. It is a concept which is common to all modern WHS regimes.

b) Company Law: it is a body of law governing the rights, relations, and conduct of persons, companies, organisations and businesses. Main components of the company law are: meaning and characteristics of a company, advantages of incorporation of work, disadvantages of incorporation of work, lifting of the corporate veil, kinds of companies, one-person company, promoters contract, steps in the incorporation of the company. The main objective of the company law is to provide a framework that gives companies the flexibility to compete and grow effectively. An important part of this is ensuring that creditors, customers, suppliers have information they need in order to be able to do business with a company with confidence.

c) Contract Law: A contract is a legally binding agreement that recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of the law. An agreement typically involves the exchange of goods, services, money or promises of any of those. The requisite elements that must be established to demonstrate the formation of a legally binding contract are:

  1. Offer

  2. Acceptance

  3. Consideration

  4. Mutuality of obligations

  5. Competency and capacity

  6. Written instrument

d) Environmental Law: It is the collection of laws, regulations, agreements and common law that governs how humans interact with their environment. The purpose of the environmental law is to protect the environment and create rules for how people can use natural resources. It is a broad law that encompasses a range of issues surrounding the environment including water and air quality, hazardous waste, species protection, agriculture, wetlands, biodiversity, waste management, green initiatives, sustainability strategies and alternative energy sources. 

Components of Environmental laws are:

  1. Waste management

  2. Food production

  3. Water reserves

  4. Pollution control and remediation

  5. Flora and fauna

  6. Mining

  7. Emissions and constructions

e) Australia’s workplace relations laws are enacted by the Commonwealth Parliament. The Fair Work Ombudsman helps employees, employers, contractors, and the wider community to understand their workplace rights and responsibilities and enforces compliance with Australia’s workplace laws. 

10) For a risk management action plan to be effective, it should contain specifics. These specifics include identifying risks upfront, analysing how risk will affect a project, risk planning for controlling the identified risk and mitigating the risk, and monitoring and evaluation of the risk plan which is developed to minimise the occurrence of risk or hazard in the work place or project site.

11) Steps for implementing risk management action plan:

Step 1: Finalise the risk management plan and management infrastructure.

Step 2: Provide Mechanism to monitor triggers, cues, and mitigation plans. 

Step 3: Implement mitigation plans as authorised, funded & scheduled work with exit criteria.

Step 4: Provide reporting on mitigation plan results & progress in meeting the exit criteria.

12) Monitoring risk, including tracking identified risks and evaluating the performance of risk management actions is critical to the risk management process. Steps involved in monitoring the risk management plan are:

Step one: prepare schedule for assessing the risk

Step two: re-examine the risk condition

Step three: re-examine the triggers of the risk or hazards

Step four: review the mitigation plan progress

Step five: identify any new risks

Step six: decide action for the new risks

Step Seven: include the identified risk in the risk management plan.

13) There is no perfect risk management plan. Thus, analysing and evaluating the risk management plan is important. Steps of analysing and evaluating risk management plan are:

Step one: analysing the problem: keeping a note of all the events and activities of a risk management plan and check if there are problems in the implementation of those plans.

Step two: match the outcomes of a risk management plan with its objectives, this is important for understanding the effectiveness of the risk management action plan.

Step three: Evaluate if all the activities in the plan are effective, for ensuring there are no flaws in the plans.

Step Four: Evaluate the business environment

Step Five: Make possible changes in Faulty activities

Step six: review the changed activities

14) Methods that were employed when communicating the evaluation results with the client:

1. using risk evaluation report to discuss the results the findings of the evaluation and strategies which are working perfect and which require changes via emails.

2. sharing the results during the client meeting

3. using memos and project performance report to communicate the evaluation of the risk plan.



 

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