Practical Project Risk Management, Third Edition, 3rd Edition

10

Keep It Alive (Major Reviews)

Chapters 4 to 9 describe the steps required to undertake an initial assessment of risk for a medium-sized project, but the ATOM process does not end when this first pass is complete. It is true that the first time a project team is involved in the risk process there is usually lots of enthusiasm, which can lead to an efficient process, which in turn increases effectiveness. However, doing the process once does not ensure that risk remains effectively managed on any project; indeed, it is only the start. It is essential to maintain momentum throughout the project, and ATOM provides for this with a series of risk reviews. These are termed major and minor to reflect the required level of effort. Figure 10-1 illustrates ...