11.4 Risk Response Control

Introduction
Risk response control involves executing the risk management plan in order to respond to risk events over the course of the project. When changes occur, the basic cycle of identify, quantify and respond is repeated.

 

11.4.1 Inputs
  1. Risk management plan
  2. Actual risk events
  3. Additional risk identification

11.4.2 Tools & Techniques
  1. Workarounds
  2. Additional risk response development

11.4.3 Outputs
  1. Corrective action
  2. Updates to risk management plan

 

 

 

 

 

11.4.1 Risk Response Control - Inputs

11.4.1.1 Risk management plan

Refer risk management plan.

 

11.4.1.2 Actual risk events

Some of the identified risk events will occur, others will not. The ones that do are actual sources of risk and the project management team must recognize that one has occurred so that the response developed can be implemented.

 

11.4.1.3 Additional risk identification

As project performance is measured and reported, potential risk events or sources of risk nor previously identified may surface.

 

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11.4.2 Risk Response Control - Tools and techniques

11.4.2.1 Workarounds

Workarounds are unplanned responses to negative risk events.

 

11.4.2.2 Additional risk response development

If the risk event was not anticipated, or the effect is greater than expected, the planned response may not be adequate, and it may be necessary to repeat the response development process and perhaps the risk quantification process as well.

 

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11.4.3 Risk Response Control - Outputs

11.4.3.1 Corrective action

Refer corrective action.

 

11.4.3.3 Updates to risk management plan

As anticipated risk events occur or fail to occur, and as actual risk events effects are evaluated, estimates of probabilities and value, as well as other aspects of the risk management plan, should be updated.

 

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