project team members ensuring success of a

Question

Project team members 

Ensuring success of a project is one and only goal of all the project team members. The responsibilities of project team members are to: 

1.   Provide necessary information. 
2.   Provide support in executing action plans which are defined by the project risk profile owners. 
3.   Report risk management team of any new risk that is found during  life cycle of project. 

Some other risk management responsibilities taken in general include: 

1. Adopting financial protection actions which can be done through various risk avoidance, risk transfer and risk retention programs. 
2. Designing insurance programs for  coverage at the most reasonable cost. 
3. Designing suitable corporate infrastructure to make clear interaction of risk issues, practices, and procedures in an organisation. 

The implementation of risk management process can be successful by combining risk management with the existing organisational processes like corporate planning, performance reporting, training development and so on. Adjusting risk management vision and objectives with corporate objectives and strategic direction helps to make risk management meaningful and relevant to all employees.