CIMA E2 Syllabus C. Managing projects - Risk Management - Notes 3 / 5
The risk management process consists of four stages.
Risk identification - It involves listing potential risks through brainstorming, etc.
Risk assessment - This stage involves prioritising risks based on impact and likelihood of occurring.
Risk response development - This stage involves developing risk avoidance and contingency plans.
Risk response control - This stage involves executing the risk response plans.