Basics of Risk Management

The Basics of Risk Management offer you a five-point theory:

• Identify - Risk Identification, categorizing
• Analyze - Assessment of risks, importance, what-if analysis to see the impact of risks
• Evaluate - Prioritize the risk by applying a rating system to healp in treating the risks
• Treatment - Avoid, transfer, accept, or reduce the risk impacts
• Monitor and Review - Auditing of risk management plan

Source: http://www.brighthub.com/office/project-management/articles/71742.asp#ixzz12CAdBHjQ