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Project Risk Management Plan

This risk management plan outlines the process, roles, and procedures for identifying and mitigating risks on a project. Key project roles will identify, track, and analyze risks on a regular basis using meetings and documentation. Risk impact will be analyzed based on probability and potential schedule delays. The plan requires approval before the team can proceed.

Uploaded by

Puneet Arora
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
263 views

Project Risk Management Plan

This risk management plan outlines the process, roles, and procedures for identifying and mitigating risks on a project. Key project roles will identify, track, and analyze risks on a regular basis using meetings and documentation. Risk impact will be analyzed based on probability and potential schedule delays. The plan requires approval before the team can proceed.

Uploaded by

Puneet Arora
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Risk Management Plan

[Insert Project Name]


Last Updated: [insert date]

Overview
[Provide an overview of the process you plan to employ to manage risks, what roles will be involved, what the procedures will be and how you will measure the impact of risks.]

Process
[Describe the process you plan to employ to manage risks. ill e!isting meetings"groups be leveraged in order to alleviate meetings# hat will the escalation procedures be#]

Roles and Responsibilities


[Describe who will be involved in the risk management process. meetings re$uired# &f so, how often#] hat roles and teams are re$uired# %re

Risk Communication Strategy


[Describe what methods will be used to communicate on issues. escalation procedures be#] ill e!isting meetings be used# hat will the

Rules/Procedures
[Describe what rules or procedures the team must follow when logging, managing and assessing risk. 'hould all risks be submitted to the pro(ect manager# hat mechanism must be used to log risks#]

Risk Impact Analysis Approach


[Describe the process that will be used to assess the impact of each risk. ho will be involved in this impact analysis# )elow is a sample method which might be used to asses risk impact and occurrence probability.]

Template-Risk Management Plan v2 11-10-04

Risk Management Plan


[Insert Project Name]
Last Updated: [insert date] Impact High 3 'ed ( Lo, ) Time Greater than 3 month delay of schedule 3! )*3 month delay in implementation (! ) ,ee# to ) month delay in implementation )! Occurrence Probability Rank (impact occurrence probability!rank [example: 3 X 70% = 2.1]

"ery li#ely greater than $%&

Pro+a+le:3%*$%& pro+a+ility

Unli#ely: Less than 3%& pro+a+ility

Approval and Authority to Proceed


e approve the pro(ect component as described above, and authori*e the team to proceed.

"ame
[type or sign name]

Title

#ate

Prepared By

Template-Risk Management Plan v2 11-10-04

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