Risk Events

• Event identification (and capture)
  • Recording event identification information like:
    • What happenned?
    • How it happenned?
    • Why it happenned?
  • Rating of event - "critical" event?
• Event Impact Assessment
  • Consider the full impact of an event as it allow us to understand the severity, nature and extent of the exposure.
• Event Escalation
  • Process for risk escalation
• Event Reporting
• Event Response - Action Management
  • Actions taken to resolve risk.
  • Some event can be complex and require many actions.
  • Action plans can be developed.
• Event Completion
• Event Analysis
  • After event has closed, and analysis is conducted to assist in identifying more effective risk mitigation