A Well Written Risk Contains Effectively Written:
- The title should briefly explain what consequences will happen if a risk is triggered:•If [insert future event] occurs, then [insert impact]•[Event that has an effect on objectives] caused by [cause/s] resulting in [consequence/s]•[Event that has an effect on objectives] caused by [cause/s]. This may result in [consequence/s]
- Unmitigated Consequence
The unmitigated consequence statement should clearly explain what will happen if no action is taken when a risk is triggered.
- Management Strategy
- The risk mitigation strategy should provide options and actions to enhance opportunities and reduce threats to project objectives.
- Contingency Plan
The contingency plan should clearly explain what will be done to reduce the negative effects of a risk if an identified risk event should occur.
- Risk Trigger Description
- The Risk Trigger Description should be written in a way that effectively conveys the risk and its impact to people outside the L2 area and outside of XSEDE (NSF).
- Make sure that risk factors are stated clearly and concisely to support effective management of risk.
- The Risk Trigger Description should address:-What could happen?-Why could it happen?-Why do we care?