Plan Risk Management

1. T&Ts(03)

1.1. Expert Judgement

1.2. Stakeholders’ Analysis

1.3. Meetings

2. Why Risk Management Planning is necessary(03)

2.1. Develop an overall Risk Management Strategy

2.2. Decide and finalize how Risk Management processes will be executed

2.3. Integrate Risk Management activities with other project management activities

3. Risk Management Plan describes below both(02)

3.1. Normal frequency of repeating Risk Management Processes

3.2. Special or specific conditions or metrics under which Risk Management activities are carried out

4. Contents of Risk Management Plan (13)

4.1. Introduction

4.2. Portfolio, Program, or Project Description

4.3. Risk Management Methodology

4.4. Risk Management Organization

4.5. Roles, Responsibilities, and Authority

4.6. Stakeholder Risk Appetite

4.7. Criteria for Success

4.8. Risk Management Techniques and Guidelines for Use

4.9. Templates

4.10. Thresholds and Corresponding Definitions:

4.11. Methods for Communicating Risks to Stakeholders

4.12. Strategy

4.13. Risk Breakdown Structure:

5. Outputs(12)

5.1. Risk Management Methodologies

5.2. Risk Management Strategy

5.3. Roles Responsibility & Authority

5.4. Stakeholders’ Risk Appetite & Thresholds

5.5. Risk Templates / Formats

5.6. Risk Management Techniques

5.7. Risk Escalation Paths

5.8. Risk Breakdown Structure

5.9. Introduction

5.10. Portfolio, Program, or Project Description

5.11. Risk Management Organization

5.12. Criteria for Success

6. Inputs(05)

6.1. Project Charter

6.2. Project Management Plan

6.3. Project Documents

6.4. EEFs

6.5. OPAs

7. Critical Success Factors(05)

7.1. Acceptance by the stakeholders

7.2. Identification of bias and correcting it

7.3. Alignment with the internal and external constraints and priorities

7.4. Balance between cost incurred or effort deployed against benefits attained

7.5. Completeness of Risk Management Plan as per needs of risk management process

8. ECO Risk Strategy and Planning(06)

8.1. Task 1. Perform a preliminary document analysis

8.2. Task 2. Assess project environment for threats and opportunities

8.3. Task 3. Confirm risk thresholds based on risk appetites

8.4. Task 4. Establish risk management strategy

8.5. Task 5. Document the risk management plan

8.6. Task 6. Plan and lead risk management activities with stakeholders

9. Risk Terms in Agile(07)

9.1. Risk Burn-down Chart

9.2. Risk Retrospective

9.3. Risk Velocity

9.4. Risk Triage

9.5. Risk Backlog

9.6. Dot Plot

9.7. Wideband Delphi Technique