Risk Management Plan
rcwilliams3
risk_management_plan.docxRisk Management Plan
Establish the project's priority matrix (constrain, enhance, accept).
Identify a minimum of 10 project risks and when each will occur in the project life cycle, and then determine their impact and probability of occurrence.
Create a matrix similar to the attached example (Pinto, Figure 7.5 Classifying Project Risk), making sure that it is consistent with your priority matrix.
Justify the use of your risk scoring matrix.
Assess your risks according to your matrix.
Rank the risks according to their total risk score.
Prepare the Risk Response Matrix for each risk—Risk, Response, Contingency, Trigger, Responsible Person—Using the Risk Management Analysis Template.
Deliverables:
Use the Risk Management Analysis Template spreadsheet (risk management analysis template.xls), (there is a separate tab for each portion of the risk management plan).
