Risk Management Plan Template

Risk Management Plan Template - RISK MANAGEMENT PLAN...

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R ISK M ANAGEMENT P LAN T EMPLATE
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The following are suggested sections for the Risk Management Plan Purpose of Risk Management Plan Describe the purpose of the Risk Management Plan using the following guidelines. Do not merely describe the content of the plan, but why Cost Management is necessary for the project. Risk is an indicator of uncertainty about the future. The greater the investment in a project, the more one has to lose should any problems delay or derail the project. Risks on any project must be identified and analyzed so that project teams can prepare for their potential occurrence and lessen or eliminate their chance of occurring. The Risk Management Plan provides a systematic method of identifying and analyzing the effects of uncertainties in the project and to plan for minimizing or containing the consequences of any undesired event that may impact the success of the project. Roles and Responsibilities Describe how the following project participants, at a minimum, perform in the planning and execution of project communications Project Sponsor Project Manager Project Team Project Stakeholders Risk Manager Risk Identification During risk identification, the perception of a potential problem is documented in sufficient detail to enable effective assessment of the risk to support subsequent management decisions. Once the risk has been identified and reviewed, the risk is recorded into the risk database. See Risk Inventory and Assessment at form end. The project team systematically reviews the project deliverables and activities for possible risk information. Typically, risk information is derived from: Analysis of high-level deliverables Analysis of the work Breakdown Structure(WBS) and Network diagram
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Analysis of change requests Project team input (experience, lessons learned etc.) Stakeholder input (assumptions, organizational requirements etc.) Risk Triggers Risk triggers are events or performance characteristics that warn of the occurrence of risk events. An example of a risk trigger would be a supplier missing deliverable dates and delaying related activities and adding cost to project. Risk triggers are determined during the risk identification process and are captured
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Risk Management Plan Template - RISK MANAGEMENT PLAN...

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