Table of contents
Open Table of contents
Introduction
The Risk Management Plan defines how risks will be identified, analyzed, responded to, and monitored. Standard practice: proactive planning reduces surprises and supports opportunity capture.
Methodology
Describes approach. Standard practice uses qualitative and quantitative analysis.
Roles & Responsibilities
Clarifies who manages risk. Standard practice assigns PM ownership and team input.
Risk Categories
Defines common areas. Standard practice uses RBS (Risk Breakdown Structure).
- Technical
- Schedule
- Cost
- External
Probability & Impact Matrix
Standard practice uses a grid to prioritize risks.
| Probability | Low Impact | Medium Impact | High Impact |
|---|---|---|---|
| High | Moderate | Significant | Critical |
| Medium | Minor | Moderate | Significant |
| Low | Negligible | Minor | Moderate |
Risk Register
Master log of risks. Standard practice: update regularly.
| Risk ID | Description | Prob. | Impact | Strategy | Owner |
|---|---|---|---|---|---|
| R1 | Vendor delay | High | Medium | Secondary vendor | Joe Napoli |
| R2 | Key resource leaves | Medium | High | Cross-train | Jane Smith |
Monitoring & Control
Risks reviewed at every meeting. Standard practice: integrate with issue log and escalation path.