Creating the Risk Management Plan

The whole point of risk management meetings and analysis is to create the risk management plan. This plan does not detail the planned responses to individual risks within the project—this is the purpose of the risk response plan. The risk management plan is responsible for determining how:

• Risks will be identified

• Quantitative analysis will be completed

• Qualitative analysis will be completed

• Risk response planning will happen

• Risks will be monitored

• Ongoing risk management activities will happen throughout the project's life cycle

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.

Get My Free Ebook

Post a comment