For Project Management... in a project, you setup a whole procedure for risk management. If the...

For Project Management... in a project, you setup a whole procedure for risk management. If the risk does occur in the project what do you do? Please be detailed (you setup your risk control obviously, please add more insight).

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Expert Solution

If a risk does occur in a company, following must be ensured:

Comprehensive risk assessment to identify the potential problems
Holistic disaster management must be done which will help the organization to face any kind of emergency
Emergency response plan must be ready to be put to implementation anytime.
Effective communication lines must be setup across the company
Recovery management plan must be developed after conducting meeting with the primary stakeholders
The recovery as well as risk mitigation plan must be communicated clearly across the organization
Backup reserves of resources must be maintained by the organization
Special training must be given to the employees to facilitate the risk management process
Documenting disaster recovery procedures for drafting and reviewing the procedure before implementation
Identification of RPO and RTO
Development of disaster recovery plan
Proposed actions to face the disaster
The leader and top management must be ready with a crisis management plan and must align the overall organization towards the commitment to survive the risk

keosha answered 5 months ago

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