1. RISK MANAGEMENT PLAN

Look for the detailed Risk Management Plan, Risk Register along with templates for performing a risk assessment meeting. The processes of risk management. Answer the questions below based on developing john hunters hospital.

1. Process 1: identify risks

• What are the specific approaches, tools, and data sources that will be used to perform risk management? Identify potential risks that may impact the project. This can be done by reviewing historical data, consulting with subject matter experts, and brainstorming with the project team.

1. Process 2: risk analysis

• How do you prioritise risks of your project? Once the risks have been identified, analyze their probability of occurrence and potential impact on the project. Use a risk matrix to classify risks based on their likelihood and impact.
• Risk Categories (risk register)

1. Process 3: risk responses -Develop a plan for how to respond to each risk. This can include mitigation strategies to reduce the likelihood or impact of the risk, contingency plans to address the risk if it occurs, or acceptance of the risk if it is deemed acceptable.
2. Roles and responsibility. Who are the teams/individuals responsible for the risk management?