·         Analyse numerically the probability and consequence of each risk

·         Decision Tree analysis

·         Expected Monetary Value Analysis (EMV)

EXPECTED MONETARY VALUE (EMV)

DECISION TREE ANALYSIS

PLAN RISK RESPONSES

DRAWING UP STRATEGIES BASED ON RISK

Negative Risk (or Threats)

·         Avoid

·         Transfer

·         Mitigate

·         Accept

Positive Risk (or Opportunities)

·         Exploit

·         Share

·         Enhance

·         Accept

MONITOR AND CONTROL RISKS