The LHC CMS Detector Upgrade Project risk management process is described in the "Risk Management Plan" The risk planning process comprises the following steps:

Risk Identification

 

Qualitative Risk Analysis

 

Quantitative Risk Analysis

 

Plan Risk Responses
  1. L2s: Summarize the risks to your project on this Risk Twiki page with the help of this Risk Checklist
  2. L2s: Ask all your team to improve the list. Remove duplicates. Consolidate overlaps.
  3. L2s: Fill in one Risk Web form per risk (takes < 5 minutes). Try to complete all fields (probability, impacts, response plans, etc.) if known.
  4. Risk Manager: collect data from all risk forms and create a single Risk Register.
  5. Risk Manager + Project Team: meet to review the risk register and fill in any missing data.
  6. Risk Manager: rank risks using probability and impact thresholds in the "Risk Management Plan"
  7. Risk Manager: aggregate project-wide cost risk impacts for high- and medium-ranked risks.
  8. Project Scheduler and Risk Manager: assess risk impacts on critical path and higher-level milestones.
  9. Project Manager: determine project cost and schedule range and risk cost contingency allocation.
  10. For CD1: preliminary risk responses, where known, will be documented in the Risk Register.
  11. For CD2: comprehensive risk response plans will be prepared.