Risk Management Planning

  • The output of risk management planning is a Risk Management Plan (RMP) that documents the procedures for managing risks throughout a project.

  • The project team should review the RMP and understand and implement the organisation's and sponsor's approaches to risk management.

  • The level of detail will vary with the needs of the project

The Risk Management Plan

  • Methodology

  • Roles and responsibilities

  • Budget and Schedule

  • Risk Categories

  • Risk probability and impact

  • Tracking

  • Risk Documentation

  • Contingency plans

  • Fall-back plans

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