MSF risk MANAGEMENT process follows the FOLLOWING steps:

Risk IDENTIFICATION: It is necessary to first identify the potential risks before we can decide about handling them.

Risk Analysis: The risks are assessed on the basis of LIKELIHOOD of their occurrence and their impact.

Risk Action Planning: Actions to be taken to handle the risk after it has occurred, prioritizing these actions and coming up with a Master risk management PLAN.

Risk Tracking: Monitor the risks and the actions that are related to resolve them if risk has occurred.

Risk Control: Risk management merges with Project management to control risk actions and risk plan. Risk control must be done by integrating risk management with project management.

MSF risk management process follows the following steps:

Risk Identification: It is necessary to first identify the potential risks before we can decide about handling them.

Risk Analysis: The risks are assessed on the basis of likelihood of their occurrence and their impact.

Risk Action Planning: Actions to be taken to handle the risk after it has occurred, prioritizing these actions and coming up with a Master risk management plan.

Risk Tracking: Monitor the risks and the actions that are related to resolve them if risk has occurred.

Risk Control: Risk management merges with Project management to control risk actions and risk plan. Risk control must be done by integrating risk management with project management.