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  • Subject Name : Management

Risk Treatment and Management Plan Assessment Answer

RISK TREATMENTS/RESPONSES

In this assessment, a reflection of all the risk treatment and the relevant responses needs to be done along with the several data analyses, risk identifications and also the tools and techniques for the same needs to be discussed. According to my business report, there are several risk treatments that are identified in this project and are further categorised as the positive and the negative risks. There are several possible risk treatments that are involved for the strategic risk treatments and for the dealing of the negative risks and threats and are further defined as the data gathering techniques also. The Delphi technique falls under this category and in this project of fleet trains for NSW it is used for minimising as the identified risks. The qualitative risk analysis techniques are also used in this project and the evaluation of the risk is done on the basis of the several factors keeping up in mind such as the cost, schedule, scope and the quality of the risks.

The risk management plan is said to be as a measure for the highlighting the relevant risks along with the management. The three of the main things that are prerequisite for the planning of the risks managements as their inputs and outputs for the tools and techniques are used for the input of the project. The roles and responsibilities are defined for the better planning and are also needed for planning of the better and different measures for predefining the roles and the responsibilities. According to the PMBOK, the risk tolerances for the stakeholder are also considered as the various risk management teams for the help of the organisations. The primary aim in these types of the risk management plan is used for the identifications of the risks that needs to be identified inorder to plan for the proper responses and the monitoring of the controlling of the structure in this project.

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