This document outlines a risk management process that involves identifying risks, evaluating them at multiple levels, and escalating unresolved issues up the management chain. Key steps include creating risk lists, evaluating risks at the project core team and release core team levels, escalating unresolved issues to program management via an out-of-band process, implementing management decisions and corrective actions, and ongoing tracking and control of the risk plan. The overall process is aimed at eliminating risks following the defined risk mitigation and contingency plan.