Risk Management Process and
Describe the program risk management process to be employed; i.e., risk planning, assessment, handling, monitoring and documentation, and a basic explanation of these components. See Acquisition Deskbook Section 2521. Also provide
application guidance for each of the risk management functions in the process.
If possible, the guidance should be as general as possible to allow the
program's risk management organization (e.g., IPTs) flexibility in managing
the program risk, yet specific enough to ensure a common and coordinated
approach to risk management. It should address how the information associated
with each element of the risk management process will be documented and made
available to all participants in the process, and how risks will be tracked,
to include the identification of specific metrics if possible.