Introducing Project Risk Management - Creating the Risk Management Plan
9 important questions on Introducing Project Risk Management - Creating the Risk Management Plan
Which inputs aid the project manager in creating the risk management plan?
- Organizational policies
- Stakeholder risk tolerance levels
- Risk management templates
Which stakeholders should be involved in the creation of the risk management plan?
- The project manager
- Project team leaders
- Key stakeholders
- Personnel specific to risk management
- Other personal of authority or providing input
What are the goals of risk management meetings?
- Risk management activities
- The costs of risks elements
- Risk schedule activities
- The assignment of risk responsibilities
- The reliance on templates for risk categories
- Definitions for the level of risk
- The risk probability and impact matrix
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What are typical questions that are being asked as part the risk methodology?
- Which tools are available for risk management?
- What are the approaches acceptable within the organization?
- What data sources can be accessed and used?
- What approach is the best considering the project type, phase and conditions?
- How much flexibility is available?
What are other important topics to include in the risk management plan?
- The roles and responsibilities involved
- The budget available for risk management activities
- The schedule for risk management activities
- A clear defined scoring system and an interpretation of it
- Identified categories of risks (e.g. in the form of a risk breakdown structure)
What is the purpose of risk categories?
What are the different risk categories that are being recognized?
- Technical, quality or performance risks
- Project management risks - faults in the management of the project
- Organizational risks
- External risks - that lie outside the project (e.g. force majeure risks)
What is the advantage of a risk management plan?
What is the purpose of a risk management template?
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