Risk Identification and Mitigation

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California High- Speed Rail Authority Revised 2012 Business Plan Chapter 8 | Risk Identification and Mitigation Page | 8- 1 Chapter 8 Risk Identification and Mitigation Introduction Undertaking a program as large as the California high-speed rail (HSR) system involves risk from both the program and project-level perspectives. It is critical to identify, manage, and mitigate risks at each stage of the HSR system s life cycle. This chapter identifies high-level risks associated with the system s successful execution and a descrip-tion of the specific risk Mitigation and management approach that the Authority is applying to each of those risks . In addition, this chapter discusses general risk Mitigation and allocation strategies, as well as the risk management plan being administered by the Authority. In summary, this chapter provides the following: Identification of key risks This section discusses key system risks identified to date. Individual risks have been consolidated into risk categories for presentation purposes.

This process is integral in guiding the risk assessment and analysis described in the Risk Mitigation and Allocation Strategies section of this chapter. This process also helped in the identification of the

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