Managed Responce New

Controls Risk
(What is in Treatment(s)
Risk Date Risk
Key Risk Risk place to (Accept, Avoid,
Date Risk Classification Probability Financial and Current Status Probab Risk
No. Process Identifier/Initiat Risk Description Impact (I) Factor prevent, Reduce, Share Respon Impact
Added (Business/Pro (P) Impact Risk Treatment Action Contigency Action Controls (Open-Current Risk; ility Factor
Step or (P x l) detect and risk source, sibility (I)
ject/Stage) Last E-Ended) (P) (P x l)
mitigate Change
risk) probability) Assessed

4
5
6
7
8

Notes :-

A risk is a specific event that could happen at some point in the future, ie:
"Insufficient test resources" is not a risk
"Project is delayed because of insufficient test resources" is a risk.
Mitigation: What we are doing to avoid the risk.
Contingency: What we will do if it happens.

Risk Factor is form the following table:

Impact (Severity)
Minor(1) Negligible(2) Marginal(3) Critical(4) Catastrophic(5)
Frequesnt(5) 5 10 15 20 25
Probability

Probable(4) 4 8 12 16 20
Occassional(3) 3 6 9 12 15
Remote(2) 2 4 6 8 10
Improbable(1) 1 2 3 4 5