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Risk Management Approach

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A Risk Management Approach describes the specific Risk management techniques and standards to be applied and the responsibilities for achieving an effective risk management procedure.

The Risk Management approach is derived from the Project Brief ; Business Case ; The corporate or programme management’s risk management guide, strategy or policy.

A Risk Management Approach can take a number of formats, including: Stand-alone document or a section in the Project Initiation Documentation ; Entry in a project management tool.

The following quality criteria should be observed:

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discussion icon Written by: Frank Turley