5.3.1 SP 3.1-1 Develop Risk Mitigation Plans
Determine the levels and thresholds that define when a risk becomes unacceptable and triggers the execution of a risk mitigation plan or a contingency plan Identify the person or group responsible for addressing each risk Determine the cost-to-benefit ratio of implementing the risk mitigation plan for each risk Develop an overall risk mitigation plan for the project to orchestrate the implementation of the individual risk mitigation and contingency plans Develop contingency plans for selected critical risks in the event their impacts are realized