When To Use CRIMS
Initiation
As part of project portfolio management determine the desired profile of the project. CRIMS profiling makes it easy to
build project plans based on cost/ risk objectives.
Planning
Assign resouces to evaluate the impact on cost and risk to project success. Use cost/ risk probability to determine the
most cost effective points for project evaluation.
Execution
Monitor costs to compare it with progress and risk for evaluation of risk impact. Identify resources that can be
reallocated for more effective cost/ risk management
Controlling
Identify how requirement, resource and funding changes will impact cost and risk of project success. Determine
project appropriateness within the organization's project portfolio
Closing
Evaluate how risk was over and under estimated. Identify scarce and abundant resources that should be better balanced
for optimal cost/ risk measurement