Risk Control encompasses strategies aimed at mitigating identified risks while monitoring their status over time. This ongoing process ensures that risks are managed effectively throughout a project’s duration.
Key Aspects:
- Implementing mitigation strategies for high-priority risks.
- Monitoring risk status regularly to identify changes.
- Adjusting control measures as necessary based on new information.
- Communicating risk status to stakeholders regularly.
Effective risk control enhances project success by minimising potential negative impacts on objectives and outcomes.