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Risk Management Plan
August 28, 2008 | Author: PM Hut | Filed under: Risk Management, Risk Response & Control
Risk Management Plan
By Tom Carlos (PMP)
The Plan defines “how” the risk process will be structured and conducted during the project life cycle. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise.
Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks.
The Plan may include the following:
- Scope Statement
- Roles and Responsibilities
- Process / Methodology
- Listing of Analysis Tools
- Reporting Formats
- Description of Cycle Analysis
- Scoring and Interpretation
- Thresholds
- Appendices of Worksheets
- Communication Plan
Tom Carlos has over 20 years of cumulative experience in business, technical, and training environments. He is a Certified Project Management Professional (PMP) and member of the Sacramento Valley PMI Chapter. For other articles on similar subjects, you can visit www.carlosconsulting.com or contact him at tom@carlosconsulting.com.
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