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Project Risk Management Plan Paper

480 Words2 Pages

Team B will use the simple principle called flexible standardization this will set the underpin tone for The Project Risk Management Plan. The plan will be used to identify, mitigate and control the USPS risks factors. Risks categorized as high or medium must be mitigated by using a continuous process that reduces risk by implementing cost-effective security measures. The risk mitigation process consists of the following: Selecting the appropriate safeguards (or countermeasures) that will reduce exposure to the risk. Assigning a priority ranking to the implementation of the safeguard. Implementing and documenting the safeguards. Assigning financial and technical responsibility for implementing the safeguards. Implementing and documenting the safeguards. Maintaining the continued effectiveness of the mitigation strategy by reassessing the threats, vulnerabilities, effectiveness of the safeguards, and the residual risk.
The goal is to safeguard customer contact and billing …show more content…

Risk management process:
Identification- Search for and locate risks. Analysis- By transforming risk data into decision making information. Tracking and Control- Monitoring risk indicators and take corrective actions. Reaction- By implement risk actions in response to actual risk occurrence.
USPS is committed to risk reduction world-wide, and also in the Chicago location. Criteria for the USPS so the corporation can develop more nimble as it moves toward executing the new Tracking System. Ideally, the New Tracking System should be pushed towards customer satisfaction. Also, while preserving the centralized control of the Tracking system in an effort to control the necessary level of normalization, and consistency that is required to capitalize on efficiency. Efficiency is essential because we will

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