Risk statuses
New
Description: A newly identified risk that requires assessment and mitigation planning.
Actions: Initial analysis and evaluation to determine impact, probability, and mitigation strategies.
Owner Responsibility: Assigned owner to lead assessment and collaboration with stakeholders.
Active
Description: A risk currently impacting or having potential impact on the project.
Actions: Ongoing mitigation efforts to reduce probability or impact.
Owner Responsibility: Overseeing implementation of mitigation actions and tracking progress.
Closed
Description: A risk successfully mitigated or resolved, no longer posing a threat.
Actions: Mitigation actions completed, no further action required.
Owner Responsibility: Verification of successful mitigation and official closure.
These three statuses provide a clear overview of the current state of risks within a project, facilitating effective risk management and communication among project stakeholders.