· 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
