Okay, the project manager, the project team, and all the key stakeholders have had some serious fun identifying and performing analysis on the project risks. Now it's time to get down to the business of planning the responses to the identified risks. There are only two inputs to the risk response planning process:
• Risk management plan
• Risk register
This process may take some time, and will create three outputs:
• Risk register updates
• Project management plan updates
• Risk-related contractual agreements (think of errors-and-omissions insurance; not every project will have a risk-related contract)
Chapter 3: Examining the Project Process
Was this article helpful?
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.