Prepare for program risk management.

First, access information about your chosen organisation as it relates to the program you will manage and its objectives $($e$.$g$.,$ a Company Information document, Strategic Plan etc.$).$ Summarise and analyse the information to ensure you understand the context of the organisation and where it wants to be$.$

Next, identify at least two stakeholders who will be associated with managing the risk of the program. These stakeholders should have a diverse background $($e$.$g$.$ different genders, ages, cultures, abilities etc.$).$ Then, identify at least three examples of when communication with the stakeholders is required during the risk management process, explain why the communication is important and then select at least three different methods that may be used for the communication.

Finally, organise, develop and document your ideas about:

potential program risks $($identify potential, actual and residual risks$).$

the current risk management approach.

an ideal program risk methodology $($based on the current risk management approach$)$ to address the identified risks.

how risk management can be integrated across the program and assigned to relevant people for their timely management $($e$.$g$.$ by including risk management in regular team meetings or saving the risk management documentation in a cloud$-$based location for easy access and use$).$

the timing for when risks are monitored and assessed across the program.

You will use the information summarised in this step to prepare discussion points for a meeting you will have with program risk management stakeholders $($in step $4).$