This slide presentation is for illustration purposes only and to show how AH2 & Beyond can help you build a Risk Management Program for your new product to aid in the regulatory approval process. The Risk Management Plan is an evolving document that will change over the life of the project, with risks increasing and decreasing at different phases. The Risk Management Plan should be developed in consultation with the Risk Taxonomy, available in tab 5. The residual risk amount will be used by the Real Property Contracting Directorate as a guideline in establishing the PAAA for construction and consultant contracts. The Risk Management Plan should be developed in consultation with the Risk Taxonomy which has been developed to aid in the preparation of the Risk Management Plan and provides a compilation of the most common risks related to project management. The Risk Taxonomy has been developed to aid in the preparation of the Risk Management Plan and provides a compilation of the most common risks related to project management.


Accepting risks should still signify that existing resources are used to the best of their capabilities to address the risks. This process is designed to support project-level and department-level planning activities. The Risk Management Plan is the document that specifies the approach, the management components and the resources to be applied to the management of a risk. The Risk Response (Column J) is the selected strategy for minimizing risks before they materialize. The Risk Management Plan should be developed in conjunction with the Preliminary Project Plan, and updated with the Project Management Plan. Mitigation - Reducing the probability of the occurrence of the risk, reducing the risk impact, or both.


The Residual Risk Allowance associated with the planned contracts, which will be used by Acquisitions Branch to establish the Pre-Approved Amount for Anticipated Amendments (PAAA) to allow for efficiencies in processing amendments to the consultant contract.
Identify risks that may affect the ability of the project or department to achieve its business objectives. Solutions-oriented, where the outline of tasks conveys the strategy for achieving the business objectives, including chosen risk mitigations.
For major projects, a Project Plan Document is initially created at the end of the Vision Phase, then maintained throughout the life of the project as a living document.



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Comments

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