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

Program Management
  1. Customer

    Maintain and update plan(s) for managing risk

  2. Customer

    Update RAID Log biweekly with new risks, changes, mitigation status/actions, decisions throughout Phase 2

  3. Customer

    Develop and employ mitigation strategies continuously throughout Phase 2

  4. Customer

    Report risks/issues, mitigation efforts in leadership meetings & Reports/Dashboards; inform stakeholders

  5. Customer

    Perform Risk Assessment

2.4 Lessons Learned

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

Stakeholders

Recommended stakeholders, inputs, & outputs may vary by implementation; however, agencies that contributed to this Playbook reported these factors as increasing the likelihood of success.

Customer

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

Inputs

Outputs

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