Risk Control
- Risk Control
- the ongoing
risk management
task of taking steps that help ensure that significant
risks are properly controlled to acceptable levels
As illustrated in the preceding figure, Risk Control is part of the following inheritance hierarchy:
- Type: Abstract
- Superclass: Engineering Task
- Subclasses: None
The typical responsibilities of Risk Control are to (where appropriate and practical):
- Accept tolerable risks.
- Avoid the occurance of significant risks to the endeavor.
- Mitigate the impact of significant risks to the endeavor that occur.
- Transfer significant risks to other parties.
Risk Control can typically begin when the following preconditions hold:
- The endeavor is started.
- The associated teams are initially staffed.
- At least one of these teams is adequately trained in risk control.
- Some potential risks have been identified and analyzed.
- Actions and techniques to control the risks have been identified.
Risk Control is typically complete when the following postconditions hold:
- All risks have been controlled to an acceptable level.
- The endeavor is completed so that no risks remain to be controlled.
Risk Control typically involves members of the endeavor’s teams performing the following steps in an
iterative, incremental, parallel, timeboxed, and ongoing manner:
- Identify subset of risks to address.
- Perform risk control actions identified during the risk analysis task.
- Document in the risk repository the specific risk control actions taken including associated information
(e.g., schedule, responsible party, time, cost and other resources used).
- Iterate and repeat as necessary
Risk Control can typically be performed using the following techniques:
Risk control typically results in the production of all or part of the following work products:
- Risk control is an ongoing task that is not completed until the endeavor is finished.
