Key elements of the risk management plan for Perform Qualitative Risk Analysis include roles and responsibilities for conducting risk management, budgets, and schedule activities for risk management, risk categories, definitions of probability and impact, the probability and impact matrix, and revised stakeholders1 risk tolerances. These inputs arc usually tailored to the projcct during the Plan Risk Management process (Section 11.1). If they are not available, they can be developed during the Perform Qualitative Risk Analysis process (Section 11.3).
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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.