create risk management plan
karthik.mr330
RiskManagementPlanSlideDeck.pptxRisk Management Plan Project Name Last Updated
Overview
Provide an overview of the process you plan to employ to manage risk, what roles will be involved, what the procedures will be and how you will measure the impacts of risk. Include the name of your project, and indicate the version of plan and illustrate how each new version will be indicated.
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Process
Describe the process you plan to employ to manage risks. Will existing meetings/groups be leveraged in order to alleviate meetings? What will be the escalation procedures.
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Roles and Responsibilities
Describe who will be involved with the risk management process. What roles and teams are required? Are meetings required? If so, how often?
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk management Plan
Communications Strategy
Describe what methods will be used to communicate on issues. Will existing meetings be used? What will the escalation procedures be?
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Rules/Procedures
Describe the rules or procedures the team must follow when logging, managing, and assessing risk. Should all risks be submitted to the project manager? What mechanism will be used to log risks?
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Risk Impact Analysis Approach
Describe the process that will be used to assess the impact of each risk. Who will be involved in this impact analysis?
| Impact | Time | Occurrence Probability | Rank (Impact x Occurrence probability = Rank |
| High – 3 | Greater than 3 months delay of schedule (3) | Very likely greater than 70% or 5 | 3x70%=2.1 |
| Medium - 2 | 1-3 month delay in implementation (2) | Probable – 30 to 70% | |
| Low – 1 | 1 week to 1 month delay in implementation (1) | Unlikely |
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Reporting Format
Describe the elements of your reporting format. Describe the elements of the format to provide approval of the plan
‹#›
PGMT 530 Risk, Procurement and Contracts
