[Verse 1] When projects start, we need a plan To spot the risks before they land Brainstorming sessions, minds unite Delphi method keeps bias out of sight SWOT analysis, strengths and threats Checklists help so nothing's missed yet Interviews with experts who know best Risk identification puts us to the test [Chorus] Assess and manage, that's the way AMIT-E for threats, EESHAE for opportunity's play Avoid Mitigate Transfer Accept Escalate Exploit Enhance Share Accept Escalate Matrix shows probability and impact's weight Risk register keeps our project's fate [Verse 2] Qualitative comes first in line Probability impact matrix helps us define High medium low, we rank them all Red yellow green, which risks will fall Then quantitative takes the stage Monte Carlo runs through every page Decision trees show paths ahead Expected monetary value guides what's said [Chorus] Assess and manage, that's the way AMIT-E for threats, EESHAE for opportunity's play Avoid Mitigate Transfer Accept Escalate Exploit Enhance Share Accept Escalate Matrix shows probability and impact's weight Risk register keeps our project's fate [Bridge] Sensitivity analysis tornado spins Shows which variables make us lose or win Risk owners assigned to watch and care Triggers tell us when to be aware Residual risks remain after response Secondary risks from actions we announce Appetite tolerance threshold three Define how much risk we're willing to see [Verse 3] Contingency reserves for known unknowns Management reserves when crisis zones Risk-adjusted backlog in Agile flow Prioritize stories based on what we know Risk reports communicate the state Updates help the team stay up to date [Final Chorus] Assess and manage, that's our call AMIT-E for threats standing tall Exploit Enhance Share Accept Escalate too Opportunities we're pushing through From identification to response complete Risk management makes success we'll meet [Outro] Register updated, owners assigned Risk management keeps peace of mind
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