Charter, Scope, Plan, and WBS

Determine the scope of the risk plan, the risk management plan components, and the responsibilities for the development of the plan. Apply expected monetary value analysis for explaining the cost that is incurred by an organization by not using risk management.

• 2.1 Scope of the Risk Management Plan (Define and identify the boundaries of the risk management plan scope).
• 2.2 Risk Management Plan Components (Identify the components to be included in the Risk Management Plan).
• 2.3 Expected Monetary Value Analysis (Conduct and provide an expected monetary value analysis to estimate the cost of not managing project risk).