final Project 1 task 3

Risk Response Plan

	Risk Response Plan
	#	Risk	Impact Area	Impact Score	Probability	Risk Score	Priority	Status	Action Plan	Assigned To	Risk Category
	n	<Identify the risk>	<A brief description of the risk and its impact on costs, schedule etc>	1	1	2	High	Active	Open	Person responsible	External
	n	<Identify the risk>	<A brief description of the risk and its impact on costs, schedule etc>	3	3	6	Medium	Observed	Closed	Person responsible	PM
	n	<Identify the risk>	<A brief description of the risk and its impact on costs, schedule etc>	5	5	10	Low	Closed	New	Person responsible	General
	n	<Identify the risk>	<A brief description of the risk and its impact on costs, schedule etc>	7	7	14	High	Active	Open	Person responsible	Org
	n	<Identify the risk>	<A brief description of the risk and its impact on costs, schedule etc>	9	9	18	Medium	Observed	Closed	Person responsible	External
	n	<Identify the risk>	<A brief description of the risk and its impact on costs, schedule etc>	1	3	4	Low	Closed	New	Person responsible	PM
	n	<Identify the risk>	<A brief description of the risk and its impact on costs, schedule etc>	3	5	8	High	Active	Open	Person responsible	General
	n	<Identify the risk>	<A brief description of the risk and its impact on costs, schedule etc>	5	7	12	Medium	Observed	Closed	Person responsible	Org
	B	Risk Identifier—a descriptive name or number. Use this for tracking across project documents
	C	Identify the risk and relevant triggers that may cause the risk to be realized
	D	Impact Area: Cost, Schedule, Scope, Quality
	E	Impact Score: 1/3/5/7/9 (where 9 is Very High)
	F	Probability of the event occurring: 1/3/5/7/9
	G	Impact x Probability
	H	Priority: L (<2), M (2 to 4), H (> 4) [L = Low, M = Medium, H = High]
	I	Active, Observe, Closed
	J	Identify the status of the risk: Open, Closed, New etc
	K	Identify the risk owner
	L	Ext = External; Org = Organizational; PM = Project Management; General = Technical, Quality or Performance

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A

B

C

D

#

Risk

Impact Area

n

<Identify the risk>

<A brief description of the risk and its impact on

costs, schedule etc>

n

<Identify the risk>

<A brief description of the risk and its impact on

costs, schedule etc>

Risk Response Plan