The Risk Management Framework
In your reading for this week, there is a “Business Framework for Risks” on pages 23–24 of your textbook.
What is the significance of this framework, and how would you apply the framework to a risk management plan?
What steps would you take to make sure that each aspect of the framework was incorporated into your risk management plan? Is this framework realistic? What else would you add to the framework?
from the perspective of a risk manager. Determine the pros and cons of implementing the risk frameworks they identified. Discuss how each framework might affect the cultural environment.
The Risk Management Scope
It is important to be able to define and determine the scope for evaluating risks.
What steps would you take for evaluating a project and narrowing the focus of the scope and the risks associated with the project?
What would you consider essential to evaluate and analyze, in order to make sure you included all aspects of a projects scope?