Plan Risk Management

Plan Risk Management is the process of defining how to conduct risk management activities for a projcct (see Table 11-2 and Figure 11-1 ). Careful and explicit planning enhances the probability of success for the Five other risk management processes. Planning risk management processes is important to ensure that the degree, type, and visibility of risk management arc commensurate with both the risks and the importance of the projcct to the organization. Planning is also important to provide sufficient resources and time for risk management activities, and to establish an agreed-upon basis for evaluating risks. The Plan Risk Management process should begin as a project is conccivcd and should be completed early during projcct planning.

Table 11-2. Plan Risk Management: Inputs, Tools & Techniques, and Outputs

Inputs

Tools Sc Techniques

Outputs

1. Project scope statement

2. Cost management plan

3. Schedule management plan

4. Communications management plan

5. Enterprise environmental factors

6. Organizational process assets

1. Planning meetings and analysis

V J

1. Risk management plan V A

Figure 11-1. Plan Risk Management Data Flow
Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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