Risk Management Plan Project

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Risk Management Plan Project 

Table of Contents:
  • Executive Summary
  • Purpose
  • Risk Identification
  • Risk Responsibilities
  • Thresholds
  • Budget
  • Timing & Schedule
  • Training
  • Risk Qualification and Prioritization
  • Risk Analysis
  • Risk Assessment
  • Risk Response
  • Risk Mitigation
  • Risk Contingency Planning
  • Risk Monitoring, Tracking and R
  • Processes to Address Immediate Unforeseen Risks
  • Risk Register


Risk is defined as an event that has a probability of occurring, and could have either a positive or negative impact to a project should that risk occur. A risk may have one or more causes and, if it occurs, one or more impacts. For example, a cause may be requiring an environmental permit to do work, or having limited personnel assigned to design the project. The risk event is that the municipality may take longer than planned to issue a permit, or the assigned personnel available and assigned may not be adequate for the activity. If either of these uncertain events occurs, there may be an impact on the project cost, schedule or performance. All projects assume some element of risk, and it is through risk management where tools and techniques are applied to monitor and track those events that have the potential to impact the outcome of a project.

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