List down some of the key risk management techniques you may employ to manage the risks of your project.

• Check to see if you have existing risk assessment protocols that you must follow when developing a business case proposal.
• Conduct a stakeholder analysis on your project and use the questions in the table above to discuss risk-related issues with the appropriate people.
• Use trials to build understanding of potential risks and how they can be managed. Trials can provide the evidence needed to test deeply held “assumptions” about whether perceived risks are legitimate or not.  As well as addressing technical and financial risk, they may also be used to assess impacts on production or sales.
• List each of the key project risks that have been identified and the strategies that you will use to mitigate those risks. Include information about the people consulted in developing the proposal since this will demonstrate that you have used appropriate expertise to identify risks and implement strategies to mitigate them.

Most common risk management techniques are: >>>>>>>>>> TARA

1)  Risk Transfer

2)  Risk Avoidance

3)  Risk Reduction

4)  Risk Avoidance 

There are four risk management techniques

1. risk avoidance
2. loss control
3. risk retention
4. risk transfer