Mitigate program risks

Risk mitigation is performed to reduce the extent of exposure to a risk and the likelihood of its occurrence. You can create new WBS work packages in the program WBS to mitigate a program risk. You link the newly created WBS elements to the risk and set the disposition of the risk as mitigated by submitting the risk to the IPPE Risk Mitigation Process workflow. You can then submit the new WBS work packages to the estimation workflow using the program cost estimation initiation process.

Once the risk is submitted to the IPPE Risk Mitigation Process workflow, as an IPT lead or program manager, mitigate a program risk as follows:

Procedure

1. Create risk mitigation work packages as new WBS elements in the program WBS.

   The risk mitigation process links the newly created risk mitigation work packages with the mitigated program risk.

2. Open the newly created risk mitigation work package, click the Overview tab, and verify that the Source property is populated with the risk identifier.

3. Open the program risk, click the Mitigated By tab, and verify that the newly created risk mitigation work package is displayed in the table.