"The final phase of the process is to continually review and update the risk assessment list. This process will never be complete and requires ongoing revisions and rethinking. You need to continually assess whether risks are still relevant, properly catalogued, or if new ones have emerged. Priorities and mitigation strategies also change over time and need to be reflected in this list through the following actions:
- Adjusting priority
- Removing risk items
- Adding risk items
- Adjusting mitigation strategy
- Adjusting contingency
- Collecting feedback from those impacted by a risk"
The above is an excerpt from a book written by Sanjiv Purba and
Joseph Zucchero, published by McGraw-Hill/Osborne, 2100 Powell Street,
10th Floor, Emeryville, California 94608 U.S.A. Sanjiv has over 20
years of experience managing large projects and many years engaged in
rescuing ailing projects.