ABSTRACT
Having undertaken the risk analysis and evaluation described in the previous chapter this leads the project or risk manager to now look at risk mitigation by taking appropriate actions to achieve the project’s objectives through revision to the project’s schedule, budget, scope or quality. Risk management should therefore be regarded as an integral part of project management and not as an additional extra. These final phases of risk management involve establishing specific action plans to manage the risks and, more importantly, the identification of fall-back plans to drive, inform and support risk response planning.
