Risk Management Services

At DPCI, Risk Management begins at a project's outset and is continued throughout the engagement. The Project Manager will continually monitor the risks identified early in the project and review them periodically with key stakeholders in order to ensure effective mitigation should a risk become realized.

DPCI' s standard methodology calls for a Risk Identification Session to be held during the Initiation and Planning phase of the project, before requirements gathering begins. The purpose of the Risk Session is to identify risks to the project's successful conclusion and to qualify those risks in terms of their potential impact and probability of occurrence.

The identified risks are collected into a Risk Matrix. The Risk Matrix includes the rating of severity, mitigation strategy, owner and contingency plan for each risk. These proposed actions are formulated to address the risks that can be avoided upon implementation of a mitigation strategy. DPCI will provide risk management options for the manageable risk factors, or risks that are possible throughout the lifecycle of a project and must be consistently monitored. Risk Management Services continue throughout the project in accordance with the DPCI Risk Management Plan. The Risk Matrix will serve as the game plan for what the mitigation and response is for risks if they arise. If additional risks are identified during the lifecycle of the project, the DPCI Project Manager will add these additional risks to the Risk Matrix as they are discovered.

The frequency of re-assessment activity and management review activity will depend on the levels of risk identified. The higher the risk, the more frequent the monitoring required. Although the DPCI Project Manager has overall responsibility for risk management services, each risk will be the responsibility of the specific risk owner on the project team assigned to mitigate/eliminate the risk in the matrix.