do while (technical and project risks remain to be examined)
U.8.1 Define the technology and project risks;
U.8.1.1 Evaluate areas of technical uncertainty;
U.8.1.2 Examine performance requirements for potential problems;
U.8.1.3 Examine design constraints imposed by other system elements;
U.8.1.4 Make a list of technical risks;
U.8.2 Identify project risks associated with scope;
U.8.2.1 Examine personnel and skills risks;
U.8.2.2 Examine budget risks;
U.8.2.3 Examine schedule risks;
U.8.2.4 Examine customer risks;
U.8.2.5 Examine risks associated with changing requirements;
enddo
do while (risks remain to be assessed)
U.8.3 Estimate the probability of the risk;
U.8.4 Estimate the impact of the risk
enddo
Build a risk table
Sort the risk table by risk probability and risk impact;
Determine the level of probability and impact below which risk will not be considered;
RSK: Select risks below the cut-off that must be considered for other reasons;
U.8.5 Develop a list of prioritized technology and project risks;
U.8.6 Indicate a plan for risk mitigation, monitoring and management;
do while (risks remain to be considered)
U.8.6.1 Define methods for avoiding each risk;
U.8.6.2 Identify factors that can be monitored that will indicate whether is risk is becoming more or less likely;
U.8.6.3 Develop contingency plans for risk should it occur;
enddo
Review Risk Mitigation, Monitoring and Management Plan internally;
U.8.7 Review risks with customer;
U.8.8 Revise project plan, if required;
