| Risk Identification: Transforms uncertainties, issues, and opportunities into distinct risks that can be described and measured. |
|
| Risk Assessment: Determines where a Program Office should focus its risk mitigation attention and resources. |
|
Risk Analysis and Mitigation: Analyzes selected risks to determine their source(s) and contributor(s) in order to develop a sound strategy to mitigating the risks.
|
|
| Risk Tracking: Monitors progress of the mitigation plan that in turn drives the process towards closure. |