Risk Management
Our Project Risk
Management Services
include the processes
concerned with
conducting risk
management planning,
identification,
analysis, responses,
monitoring and control
on a project. Risk
management is a cyclic
process that starts at
the project's early
planning phases and last
all the way till post
project close-out.
Processes are therefore
continuously monitored
and updated throughout
the project in order to
increase the probability
and impact of positive
events, and decrease the
probability and impact
of events adverse to the
project.
Risk Management Process
includes the Following:
-
Feasibility Studies
-
Risk Management
Planning
-
Risk Identification
-
Qualitative Risk
Analysis
-
Quantitative Risk
Analysis
-
Risk Response
Planning
-
Risk Monitoring and
Control
Prior to the project
planning phase, CMCCO's Risk
Management Team analyses
the feasibility of the
suggested project. This
is a major step in
deciding whether of not
the project is
executable and viable
within all the
requirements of the
stakeholders involved.
Then once a project is
approved and considered
feasible, the risk
management procedure is
carried all through the
project lifecycle from
planning to execution
and closeout.
The Project Risk
Management processes
include Risk Management
Planning in which CMCCO
describes its risk
management activities
and plan. CMCCO's team
also identifies all the
risks that accompany the
project, analyzes them
quantitatively and
qualitatively and
accordingly planes its
risk response strategy
and plan and its risk
monitoring and control
systems. Risk Management
ensures that all project
aspects have been well
considered and planned
and all risk elements
that might affect the
project have been
previously studied and
assessed. This increased
the likelihood of
project success within
requirements.
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