Risk Analysis and Management

  1. Risk Treatment and Response
    1. Risk Response Strategy Development
      1. Strategy Selection Criteria
        1. Cost-Benefit Analysis
          1. Resource Constraints
            1. Timeline Considerations
            2. Risk Treatment Options for Threats
              1. Risk Avoidance
                1. Activity Elimination
                  1. Scope Modification
                    1. Alternative Approaches
                    2. Risk Reduction
                      1. Prevention Measures
                        1. Protection Measures
                          1. Detection Measures
                          2. Risk Transfer
                            1. Insurance Solutions
                              1. Contractual Transfer
                                1. Outsourcing Arrangements
                                  1. Financial Instruments
                                  2. Risk Acceptance
                                    1. Active Acceptance
                                      1. Passive Acceptance
                                        1. Contingency Planning
                                      2. Risk Treatment Options for Opportunities
                                        1. Opportunity Exploitation
                                          1. Opportunity Enhancement
                                            1. Opportunity Sharing
                                              1. Opportunity Acceptance
                                              2. Risk Treatment Planning
                                                1. Treatment Plan Development
                                                  1. Action Item Definition
                                                    1. Responsibility Assignment
                                                      1. Resource Allocation
                                                        1. Timeline Establishment
                                                          1. Success Criteria
                                                          2. Implementation Management
                                                            1. Implementation Monitoring
                                                              1. Progress Tracking
                                                                1. Issue Resolution
                                                                  1. Change Management

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                                                                6. Risk Evaluation and Prioritization

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                                                                8. Risk Monitoring and Control