ABSTRACT
This chapter identifies the most important risks so that the action planning efforts can be aimed at them. It imposes order on the list of risks the team will be managing by helping them to address only those that pose the greatest threat to the project’s goals. Consequently, the curve’s location should stem from explicitly considering the trade-off between managing too few risks—thus opening the door for downstream project surprises—and managing too many—which will consume project resources that could be put to use on tangible project deliverables. The team will actively manage all risks with active status, while inactive risks will only be monitored. That is, the people will simply follow some risks without committing resources actively to diminishing them. By not actively managing all identified risks, the people are accepting the fact that the people will let some unmanaged risk events occur.
