Project Risk Management Onion Diagram

The Project Risk Management Onion Diagram is a strategic tool designed to illustrate the multi-layered approach to managing risks in a project. It encompasses various types of risks including market, technical, and financial risks, organized into core, intermediate, and outer layers. The diagram emphasizes the importance of aligning countermeasures with the project objective and integrating a robust risk monitoring mechanism. By pre-planning and systematically addressing each layer, the diagram aids in developing a comprehensive risk management strategy to ensure project success.