Risk Management Plan

Project Name

TABLE OF CONTENTS

1. Introduction. 3

2. Risks Identified During Planning Phase. 3

3. The Risk Identification and Evaluation Process. 3

3.1. Identify. 3

3.2. Evaluate. 3

3.3. Analyze. 3

3.4. Risk Action Plan. 3

4. Prioritization Process. 3

5. Management of Risks. 3

5.1. Risk Log. 3

5.2. Risk Status Reporting. 3

6. Roles and Responsibilities. 3

1. Introduction

Description of the document and its purpose

2. Risks Identified During Planning Phase

List all Risks identified during the planning phase of the project

3. The Risk Identification and Evaluation Process

3.1. Identify – PMI emphasizes the need to identify the Risks to allow you to monetarily allow for each risk using a quantitative methods of evaluation.

3.2. Evaluate – Each risk will be evaluated independently to allow for that risk having a negative impact on the project.

3.3. Analyze – One effective tool to analyze the risks is a PRAM, completing the PRAM in the estimating phase is required to allow for the risk monetarily.

3.4. Risk Action Plan – Are you going to remove,

4. Prioritization Process

Describe criteria for prioritizing risks

5. Management of Risks

5.1. Risk Log

5.2. Risk Status Reporting

6. Roles and Responsibilities