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State the risk management plan contents


State the risk management plan contents



- Methodology – approaches (process steps), tools, and data sources that may be used to perform risk management
- Roles and responsibilities to manage risks throughout the entire project
- Budgeting for risk management activities (mitigation strategies)
- Timing of risk management activities (how often are the risks reviewed, when will mitigation strategies be implemented)
- Risk categories – high level used during identification (Technology, Customers, Performance, etc.)
- Risk probability and impact scales (very likely to very unlikely 5 levels) or (just three low, medium, high) these scales need to be defined for consistency across projects and project managers
- Format for the risk register and its use; how are risks communicated and tracked
francis1897 answered the question on March 14, 2023 at 09:33

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