Risk Mitigation and Response Plans View
You can model risk mitigation or response efforts in RiskyProject using the
Mitigation or Response View. Response plans are activities that are executed
when a risk occurs and are used for quantitative risk analysis. Mitigation plans
are actions that are performed to minimize risk probability and/or impact and
can be visualized using the Risk Mitigation Waterfall Chart.
Mitigation or/and response plan must be assigned to the risk. Assigning Risk Response Plans and Assigning Risk Mitigation Plans for more
information.
- Risk Mitigation or Response Plan: Text description of the risk
mitigation plan name.
- Plan Type: Select if it is a Mitigation (qualitative) or
Response (quantitative plan)
- Outcome Type: See
Risk Outcome Types
- Outcome: See
Risk utcomes
- Chance: Chance that the selected risk, assigned to the task or
resource or particular risk alternative will occur. In this document, chance of
risk occurrence usually refers to input chance for risk assignment. Risk
probability refers to the calculated probabilities for this risk, which can be
different.
- Chart Chance: Calculated chance that the response plan will
occur.
- Used in Risks: List of risks that the plan is assigned to.
- Cost: Cost of risk plan. Used in Cost of Risk calculations.
- Prob. Reduction: Amount by which the risk plan will reduce the
probability of the risk occurring
- Impact Reduction: Amount by which the risk plan will reduce the
impact of the risk
- Description: Textual description of risk. Double-click on Risk
Plan ID, will open the extended Risk Description field.
See also
Assigning Risk Response Plans
Assigning Risk Mitigation
Plans
Creating Risk Mitigation and Response Plans
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