- [ ] List the red flags you observe (consider using a system like |> to denote them)
- [ ] List the risks that the red flags denote
- [ ] Determine if the risk is internal or external (e.g., project team vs client or exec stakeholders)
- [ ] Determine if the risk affects timeline, budget, scope, people, and/or business
- [ ] Determine which parts of your project are impacted (e.g., design, development, content)
- [ ] Determine the risk impact (hint: if you notice red flags, the risk is likely to happen)
- [ ] Determine the risk probability
- [ ] Create a red flag/risk matrix (sample)
- [ ] Develop a risk mitigation strategy for the likely risks (short term response)
- [ ] Develop a contingency plan for unlikely or less serious risks (long term plan)
- [ ] Notify any relevant stakeholders (be sure to involve them in the mitigation plan and contingency making process)
- [ ] Update plan when new risks are noticed