Cert IV in Procurement and Contracting – Contract Stream 3 (C000489) – Activity 4 – Risk Management Contracts

The relevant risk management and treatment mechanisms that have been expressly included in the contract.
Hint: look carefully at clauses such as insurance, specified personnel, payment and invoicing.

Any other management strategies (i.e. not written into the contract) you might use to monitor and mitigate the risk and who else (stakeholders) might help you. List stakeholders in the space below.

Complete the Risk-Tool with 4 risks you have identified and once completed upload for review by your Facilitator.
Make sure you click the Finish Activity button below to finish uploading your response.

How often would you review your risk management plan with regard to its effectiveness? What action would you take if you found that the risk plan, or part of it (treatment, monitoring etc.) was no longer effective?

How would you monitor changes to the environment that may impact on risks and their treatments?

How could you improve the effectiveness of risk management for the activity?