Risk Mitigation and Contingency Planning

1
Risk Mitigation and Contingency Planning

• COMM80 Risk Assessment of Systems Change
• Unit 11

2
Objectives of Session Coverage

• Understand the concepts of mitigation,
  contingency and their difference.
• Be aware of advice on how to create mitigation
  strategies
• Be aware of advice on how to create contingency
  plans, and assess their impact on a project.
• Recognise the use of aids such as Riskits
  Control Taxonomy, and RISK RADARTM in considering
  and documenting decisions.

3
Risk Mitigation and Contingency Planning

• Mitigation and contingency planning are
  interlinked.
• Usually Contingency Planning involves
• Deciding how to combat the risk when/after it
  occurs.
• Mitigation involves
• Deciding how to avoid or reduce the impact of the
  risk before it happens.

4
Riskits Control Taxonomy

• Can be used to assess both contingency plans

• and
• mitigation strategies.

5
Documentation Using RISK RADARTM
6
Documenting Mitigation and Contingency Plans
7
Keeping a Historical Log