The Risk Management Process
The main aim of the Risk Management Process is to identify, analyze, and, where necessary, treat the risks that relate to executing the Project. This Risk Management must also be planned and managed throughout the entire Life Cycle of the Project.
A high-level representation of the Risk Management Process is shown in the following diagram:
Figure 10.7: Process Content View for the risk assessment Process
The diagram here shows the Process Content View for the risk assessment Process from ISO 15288 and is visualized using a SysML block definition diagram.
The outcomes, represented by SysML properties, that are identified for this Process are described as follows:
- Risk treatment identified: This ensures that there is an effective strategy for Risk Management in place.
- Risks analyzed: This outcome ensures that the risks are fully understood.
- Risks evaluated: This monitors the progress of risks and where they are...
