Product and Process Risk Management

SEAS shall employ a "Common Sense" approach to revising, developing and formalizing as necessary existing Risk Management documents to address both Product and Process Risks by:

·      Identifying and categorizing potential risks

·      Weighting all risks in an assessment matrix

·      Identifying each probability, consequence
 and mitigation

·      Conducting and documenting your Risk Benefit Analysis

·      Defining and Developing the monitoring of:

       o   Trigger Points

       o   Responses

       o   Follow-up Actions

Updating and Maintaining your Risk Management Plan

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