BSBPMG536 - Manage project

risk

Week 3

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TOPICS • Identify and document
existing risk controls
• Consider and determine risk
treatment options using
agreed consultative methods
• Record and implement
agreed risk treatments
• Update risk plans and
allocate risk responsibilities to
project team members

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 LEARNING • Document risk controls
OBJECTIVES • Determine risk treatment
options for identified
risks
• Implement risk treatment
• Identify needs for
updating risk
documentation

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 Topic 3 Establish risk treatments and controls

Documenting existing controls

Risk control is the method by which

organisations evaluate potential losses and take
action to reduce or eliminate such threats.

BSBPMG517 Manage Project Risk ©J&S Learningwork 2018 4

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 Topic 3 Establish risk treatments and controls

The responses to risk should be:

• timely
• realistic
• cost effective
• agreed by stakeholders involved
• assigned responsibility

BSBPMG517 Manage Project Risk ©J&S Learningwork 2018 5

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 Topic 3 Establish risk treatments and controls

 
Risk Treatment

Risk treatment involves developing a range of

options for mitigating the risk, assessing those
options, and then preparing and implementing
action plans.

The highest rated risks should be addressed as

a matter of urgency.

BSBPMG517 Manage Project Risk ©J&S Learningwork 2018 6

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 Topic 3 Establish risk treatments and controls

 
“Risk treatment plans may involve the redesign
of existing controls, introduction of new controls
or monitoring of existing controls. Low impact
risks may require periodic monitoring while
major risks are likely to require more intense
management focus”.

AS/NZS ISO 31000:2009

BSBPMG517 Manage Project Risk ©J&S Learningwork 2018 7

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CONCLUSION

QUESTIONS AND
RECAP

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