The steps involved in risk management include
management planning, identification, response planning, monitoring and control.
These steps of risk management are briefly described below:
The above steps of risk management result in various
deliverables in each step. Those deliverables are the outputs generated while
going through the risk methodology. They are listed as below:
The above mentioned steps of risk management are
performed and handled by various designated persons who have their role
assigned for each process. Given below is the brief outline of the process
against roles that are responsible for performing that process successfully:
