Inside Sarbanes Oxley selects Marc Weinberg of Parson Consulting from recent submissions:
“The purpose of the risk response plan is to determine what can be done to reduce the overall risk of the project by decreasing the probability or impact of the short-listed risks. This includes contingency planning, which identifies the actions one will take if the risk actually happens.
“So, what kind of risks can you expect to occur in your projects? You will find People, Process and Technology risks, among others. If you’re involved in a Sarbanes-Oxley section 404 documentation project where you need to interview process owners, typical causes, risks and effects, based on this writer’s experience, might include the following…”
Parson Consulting: Project Risk Management: Are You Asking ‘What Can Go Wrong?’