project risk mgt plan template

project risk mgt plan template - PROJECT MANAGEMENT...

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PROJECT MANAGEMENT INSTITUTIONALIZATION INITIATIVE (PMII) DOCUMENT PM ACQUISITION BUSINESS PROJECT RISK MANAGEMENT PLAN TEMPLATE Author: George J. Refuto, PMP
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SEE FOLLOWING PAGES FOR PHYSICAL DOCUMENT SEQUENCING. THIS DOCUMENT IS TO BE USED AS A TEMPLATE ONLY IN THE BUILDING OF A PROJECT RISK MANAGEMENT PLAN. FOR EXAMPLE, THE BOXES AND BOX-TYPE TABLES ARE SIMPLY INTENDED TO FACILITATE THE INTERIM ENTRY OF INFORMATION AND/OR SERVE AS MODELS UNTIL THE AUTHOR OF THE DOCUMENT STRUCTURES THE TEXT IN THE RECOMMENDED PROFESSIONAL FORMAT. Page 2 of 13
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United States Army PM Acquisition Business Project Risk Management Plan: [Project Name] Document version: Document revision date: Page 3 of 13
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SECTION 1.0 RISK MANAGEMENT PLANNING 1.1 Insert an electronic copy of the Project Charter 1.2 Insert an electronic copy of the Project Schedule 1.3 Describe approach to risk management planning: 1.3.1 Methodology (tools/techniques and data sources; attach any applicable documentation/instructions) 1.3.2 Roles and responsibilities for the risk management plan execution and maintenance (includes functional team, and internal/external management stakeholders) Name Title Contact information Roles & responsibilities 1.3.3 Conduct of risk management process throughout the project life cycle (timing, frequency, etc., to include audits, reviews, etc.) Page 4 of 13
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1.3.4 Scoring and interpretation methods to be applied risk analyses (attach additional documentation, as applicable) SECTION 2.0 RISK IDENTIFICATION 2.1 Identify all risks associated with the project and their respective triggers (warning signs or indications that a risk has occurred or is about to occur) Risk Impact(s) Root cause(s) Trigger(s) Page 5 of 13
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SECTION 3.0 RISK ANALYSIS Risk analysis includes the process of assessing the impact and likelihood of identified risk. The following process should me used to input pertinent risk data and perform this analysis: 3.1 Formulate a scale of probability of risk occurrence to be applied to each risk. For example, a probability scale first could be offered as follows: Very Low, Low, Moderate, High, Very High . This would be applied against a characteristic probability scale which ranges between 0.0 (no probability) to 1.0 (certainty) – or 0% -100%. Therefore, using this example, the completed risk probability scale would look like this (Source: A guide to the Project Management Body of Knowledge (PMBOK © Guide) Fourth Edition, 2008 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299) : Very Low Low Moderate High Very High .1 .3 .5 .7 .9 3.2 Formulate a table to evaluate the rating impacts on project objectives for each
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This note was uploaded on 01/05/2011 for the course IE IE377 taught by Professor Hani during the Spring '10 term at German University in Cairo.

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project risk mgt plan template - PROJECT MANAGEMENT...

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