2.4 Maintain and Execute Risk Processes

The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

M3 Playbook > Phase 2: Selection
2.4 Maintain and Execute Risk Processes

2.3 Monitor and Control Program Execution

2.5 Design Labor Relations Outreach

Objective:

Execute risk management processes to identify and mitigate risks and issues throughout the migration.

Phase 2 Guidance Responsible Party - Customer, Provider, Shared

Activities

1. Maintain and update Risk Management Plan, as necessary (C)
2. Maintain and update Risks, Action Items, Issues, and Decisions (RAID) Log with new risks, changes to existing risks, status of risk mitigation activities, and action item resolution and decisions continuously (at a minimum of every two weeks) throughout Phase 2 (C)
3.Develop and employ mitigation strategies continuously throughout Phase 2 (C)
4. Report on new risks/issues and ongoing risk/issue mitigation activities in governance meetings and Status Reports/Dashboards (C)
5. Perform Risk Assessment (C)

Inputs

• Governance Charter
• Risk Management Plan
• RAID Log

Outputs

• Risk Management Plan
• RAID Log
• M3 Risk Assessment

Stakeholders

• Executive Sponsor (C)
• Business Owner (C)
• Program Manager (C)
• Risk Manager (C)
• PMO Lead (C)
• PMO Team (C)
• IV&V Team (C)

Best Practice

• Hold regular risk management meetings and include risk management in status reporting and escalation procedures
• Document risks and issues in RAID Log in order to clearly communicate risks