... Acceptable risk: control,monitor–seekresponsibleworkpackagemanagementattention.C1,B1,A1,B2,A2,A3,A4VeryLow risk Acceptable risk: seeabove.Figure5‐6:Exampleof risk magnitudedesignationsandproposedactionsforindividualrisks5.2.1.3 Task 2: Prepare the risk management plan The risk managementplantypicallycontainsthefollowingdata:a. ... identify acceptable risks, which arenot subject to risk reduction, and unacceptableriskssubjectto risk reduction.7.2.6 a. Risksshallbereducedinaccordancewiththe risk managementpolicy.NOTE ... “Green”Figure5‐5:Exampleof risk indexandmagnitudescheme Risk index Risk magnitude ProposedactionsE4,E5,D5 VeryHigh risk Unacceptable risk: implementnewteamprocessorchangebaseline–seekprojectmanagementattentionatappropriatehighmanagementlevelasdefinedinthe risk managementplan.E3,D4,C5...