Overview
Program Risk is an element of Enterprise Risk. It specifically focuses on the risk that a given program will fail to achieve its strategic objectives.
Risk Plan
Most programs will create a program document with a section that includes the risk plan, which would include
- Enumeration of the Program Risks
- program risks generally fall into two categories.
- Risks that the individual projects within the program fail
- Risk that successful completion of the projects in the program fail to meet the strategic objective.
- Risk Monitoring in Place - after risks have been identified, the plan addresses how those risks are monitored so that they can be addressed if the risks start to materialize.
- Risk Governance - elaborates who has authority to address program risks, and possibly how those risks are addressed.
- Preliminary plan - proivdes an initial framework that addresses how risks will be addressed if they materialize.
(for documentation tools, see automated documentation)