5.1.3 SP 1.3-1 Establish a Risk Management Strategy
The scope of the risk management effort Methods and tools to be used for risk identification, risk analysis, risk mitigation, risk monitoring, and communication Project-specific sources of risks How these risks are to be organized, categorized, compared, and consolidated Parameters, including likelihood, consequence, and thresholds, for taking action on identified risks Risk mitigation techniques to be used, such as prototyping, simulation, alternative designs, or evolutionary development Definition of risk measures to monitor the status of the risks Time intervals for risk monitoring or reassessment