Project Execution Team Risk Management Team Formation

Project Start

Budget Allocated for RMT

Monthly Execution
Report

No Checking for Likely Risk

likely occurance Occurrence
of Risk report
Risk management Team
Yes (RMT)

Data Base
from old Risk Analysis
projects
Old Risk New
Risk

Research and
Proposing
mitigation
methodology
Mitigation
methodology Not
accepted

Mitigation
Risk Mitigated methodology
Mitigation
developed
Method
Accepted

Normal Work Process