Identify RiskInternal and external including vendors; what are the skill levels of all Assess RiskPrioritize low, medium, high Manage RiskDetermineRemove, shift, and decrease impact; reassess Monitor and Control Each RiskFor higher risk, implement more frequent monitoring Establish an Ongoing Management Plan for Risk Assessmentthat requires constant review; update and remove those risks not impacting project Identify one risk that you will include on your risk register and address each of the five steps for that risk