Risk Assessment and Allocation for Highway Construction Management

Risk Management Matrix - High Probability, High Impact

Return to Text

Figure 5. Illustration of the cyclical nature of the Risk Management Process. The Risk Management Process is represented in the center, with the steps surrounding it in a circular formation. The steps are separated by arrows that indicate a clockwise direction to show the relative order of one step to the next. Starting From the top of the circle and heading clockwise, the steps are: Identify, Assess/Analyze, Mitigate and Plan, Allocate, and Monitor and Control.

Return to Text