create risk management plan b

*) Detailed distribution lists shall be prepared for each distribution event. Further details as per the project communication plan

The Project Risk Management Plan from time to time may require updates. Any amendment to this plan shall be informed to the change control board by use of the change request form and approved by the project change control board prior to distribution. Only revised parts of the plan will be distributed along with the approval and shall be accompanied by instructions how to implement the changes.

The initial page numbering system (to be added upon initial approval) will be a normal continuous numbering displayed in the lower right corner of each page. In the event that pages have to be added, characters shall be added to the number. In case entire pages are deleted, the corresponding page shall be replaced by a blank page stating “page removed”.

Each added/changed page shall have the revision number and date of approval displayed on the bottom of the page.

Table of Contents Revisions and Distribution Amendments Project Sponsor Approval Risk Management Approach 1 Methodology 2 Roles and Responsibilities 3 Budgeting 4 Timing 5 Risk Categories 6 Risk Probability and Impact 7 Definition 7 Probability and Impact Matrix 7 Stakeholder Tolerances 8 Reporting Formats 9 Tracking 10 Attachments: 11

This template is downloaded from project-management.magt.biz

This template is downloaded from project-management.magt.biz

[Project Name]

Project Risk Management Plan

Explain the processes how risk management will be conducted.

Define tools, and data sources that will be used to perform risk management on the project.

Define the lead, support, and risk management team members for each type of activity in the risk management plan, and clarify their responsibilities.

Estimate the funds needed, based on assigned resources, for inclusion in the cost baseline and establish protocols for application of contingency and management reserves.

Define when and how often the risk management processes will be performed throughout the project life cycle, establish protocols for application of schedule contingency reserves, and establish risk management activities for inclusion in the project schedule.

Provide a means for grouping potential causes of risk.

The quality and credibility of the risk analysis requires that different levels of risk probability and impact be defined that are specific to the project context.

Explain the acceptable limitations of time and cost contingency reserves.

Reporting formats define how the outcomes of the risk management process will be documented, analysed, and communicated.

Marc Arnecke, PMP

[Ref. number]

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