DeVry University Keller Graduate School of Management

WEEK 5 make up assignment

Submitted in Partial Fulfillment of the Course Requirements for Project Risk Management PROJ 595

November 29, 2013

To ensure that risks remains effectively managed throughout the project, ATOM provides a series of risk reviews. These risk reviews are major and minor risk reviews. Major risk reviews usually takes place at key points during the project, either at the beginning of a new phase or a significant milestone within a phase, but they do not happen enough to ensure that assessment of risk exposure remains current. Minor risk reviews on the other takes place in line with the normal reporting regime of the project.
The ATOM major review aims to review all current risks and any other risk raised since the last formal review, identify new risks, update the risk register, produce a full report and periodic reporting information for the project progress reports and progress meetings, and check the effectiveness of current risk management process.
The ATOM minor review on the other hand aims to review the most significant current risks, and all draft risks raised since the last formal review, identify new risks, update the risk register, produce a summary risk report and periodic reporting information for project progress reports and progress meetings.
Post project review is conducted to create a body of knowledge and experience on which the project team can draw in order to benefit future projects. It also ensures that reusable knowledge and experience are not lost to the organization. It aims to capture and record risk-related knowledge and experience from a completed project in a form that can be used by future similar projects. It requires the risk register from the most recent risk review, risk report from the most recent risk review, risk