Updating the Project Plan

The risk reactions, contingency plans, and fallback plans should all be documented and incorporated into the project plan—for example, updating the schedule, budget, and WBS to accommodate additional time, money, and activities for risk responses. The responses to the risks may change the original implementation of the project and should be updated to reflect the project plan and intent of the project team, management, and other stakeholders. A failure to update the project plan and the risk register may cause risk reactions to be missed—and skew performance measurements.

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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