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Risk Management Plan

Venkataramiah S Annapragada
23/12/2018 0 0

It describes how risk management activities will be structured and performed

Risk Management Plan includes the following : 

  • Risk Strategy. Approach to manage risk in Project
  • Methodology. Data sources and tools that would be utilized for risk management
  • Roles and responsibilities. Mapping of risk management activity to team member
  • Funding. How contingency and management reserves would be used
  • Timing. Defines timing of various risk management activities
  • Risk Appetite. Qualitative assessment of risk withstanding ability of stakeholder
  • Risk Tolerance / Risk Threshold. Quantitative assessment of risk withstanding ability
  • Reporting Format. What would be the format of Risk Register, Risk Report ?
  • Tracking. How risk management activities would be audited ?
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