Understanding the Risk Management Process

The risk management process in Primavera Cloud is divided into multiple stages. First, develop criteria to assess any potential threats or opportunities your projects or programs might encounter. Next, identify the risks specific to your project or program and assign values to determine their probability and impact. You can also create risks that model the effects of weather on your project or program. Run a risk analysis to simulate the likelihood of different risk scenarios and estimate their impact to your project's cost and schedule. Finally, develop response actions to reduce the effects of each risk on your project or program.

The topics below describe each stage of the risk management process.