Identify known risks by examining historical project data and experience with similar projects

Determine the extent and probability that these known risks may impact the project

Identify undiscovered risks that the project may face through methods such as expert interviews and brainstorming

Focus on key aspects of the project to ensure potential unknown risks are identified

Conduct qualitative analysis of known risks to assess their probability and impact

Assess and rank risks using a variety of tools and techniques, such as probability and impact matrices

If more detailed information is required, conduct a quantitative analysis of key risks to determine the specific value and probability of the risk

Use mathematical models and simulation techniques to quantify risks and calculate risk costs

Prioritize all identified risks to develop appropriate risk response strategies

Focus on high-risk projects to ensure risks are effectively managed

Determine the potential loss and impact of each risk event in order to assess the significance of the risk

Prioritize risk events that may result in larger losses

Identify high-priority risks by assessing their potential impact and probability

Prioritize these high-priority risks to reduce potential impact on the project

Determine response strategies and control measures for different priority risks, based on their potential impact on the project

Key factors in developing a risk prioritization strategy include time, cost and resource availability

Determine appropriate risk response strategies, such as avoiding, transferring, mitigating, or assuming risks, based on their potential impact and probability

Develop appropriate response strategies for each risk event and ensure the feasibility and feasibility of the strategies

Determine the response plan for each risk event, including relevant responsible persons, timelines and resource requirements

Ensure plans are in place to effectively mitigate and manage risks

Monitor the implementation of implemented risk response measures to ensure they are carried out as planned and achieve expected results

Timely detect and deal with risk response measures that fail to be implemented as planned

Monitor changes in project risks and promptly adjust risk management strategies and plans

Maintain ongoing attention to project risks to ensure smooth progress of the project and effective risk management

According to the risk response plan, implement risk control measures on time and in accordance with quality requirements

Ensure the effectiveness and feasibility of risk control measures and promptly correct situations that do not meet requirements

Continuously monitor the implementation and effectiveness of risk control measures, and continuously assess their health status and impact

Make corresponding adjustments in a timely manner to ensure continued control and management of risks

Handle and solve problems caused by risks to ensure that the project can be carried out on time and according to quality requirements

Develop appropriate solutions to address the potential impact of risks on the project

Continuously improve risk management methods and tools by analyzing problems and lessons learned throughout the risk management process

Improve the project team's awareness and capabilities of risk management to better cope with risk challenges in future projects