Risk Management Strategy

The Risk Management Strategy template reflects the steps set out in the PRINCE2 Method and is designed to prompt the Project Manager and help in the creation of the Risk Management Strategy.  There is also a Product Description for the Risk Management Strategy at Appendix A of the PRINCE2 Manual.

Once your Risk Management Strategy is complete check the document against the following Quality Criteria:

  • Responsibilities are clear and understood by both customer and supplier
  • The risk management procedure is clearly documented and can be understood by all parties
  • Scales, expected value and proximity definitions are clear and unambiguous
  • The chosen scales are appropriate for the level of control required
  • Risk reporting requirements are fully defined

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