Procedure
1. Review the risk assessment matrix and executive summary that you produced in the previous module.
2. For each risk event that you identified as warranting a response, decide the following:
* What your response will be: avoid it, mitigate it, or accept it.
* Your approach for handling the responses that you will avoid or mitigate. Remember to consider outsourcing possibilities.
* The consequences for risks that you will accept, if those risks occur, and why you believe those consequences are acceptable.
3. Use the results of the previous steps to create a risk breakdown structure (RBS), risk register, and a risk management plan.