Plan Risk Management is the process of defining how to conduct risk management activities for a project. This process is performed once or at predefined points in the project.

INPUTS

Project charter
Project management plan
• All components
Project documents
• Stakeholder register
Enterprise environmental factors
Organizational process assets

TOOLS & TECHNIQUES

Expert judgment
Data analysis
• Stakeholder analysis
Meetings

OUTPUTS

Risk management plan

Create Project Management Tasks

In the Planning list, representing Planning Process Group, create the Plan risk management task.

Create Project Management Documents

In the Docs section, create the Risk Management Plan output document.

The risk management plan is a component of the project management plan that describes how risk management activities will be structured and performed. The risk management plan may include some or all of the following elements:

  • Risk strategy
  • Methodology
  • Roles and responsibilities
  • Funding
  • Timing
  • Risk categories
  • Stakeholder risk appetite
  • Definitions of risk probability and impacts
  • Probability and impact matrix
  • Reporting formats
  • Tracking

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