Risk Management:

This is all about 3 main features 

1. Risk Identification. 

2. Risk Analysis.

3. Risk Mitigation.

Risk - This has become the most burning topic in most industries so what is it?

Risk: “The combination of the chance of an event and its consequences.” [ISO N2198]

To say in simple terms, Identify the Risk (ASAP), analyse the Risk (Likelihood of happening and its Impact if it happens), try to prevent the Risk (Mitigate).

Lets see how we put all these 3 features into a template (document)