Risk Management Plan

In: Computers and Technology

Submitted By lmaciel91
Words 983
Pages 4
10/10/2014
IS110 Risk Management
Project Part 1

Introduction
Purpose of the Risk Management Plan
A risk in an event or condition that, if it occurs, could have a positive or negative effect on your project’s objectives. Risk Management is the process of identifying, assessing, responding to, monitoring, and reporting risks. This Risk Management Plan defines how risks associated with the Defense Logistics Agency project will be identified, analyzed, and managed. It outlines how risk management activities will be performed, recorded, and monitored throughout the lifecycle of the project and provides templates and practices for recording and prioritizing risks.
The Risk Management Plan is created by the project manager in the Planning Phase of the CDC Unified Process and is monitored and updated throughout the project.
The intended audience of this document is the project team, project sponsor and management
Risk Management Procedure
Process
The project manager working with the project team and project sponsors will ensure that risks are actively identified, analyzed and managed throughout the life of the project. Risks will be identified as early as possible in the project so as to minimize their impact. The steps for accomplishing this are outlined in the following sections. The project manager will serve as the Risk Manager for this project.
Risk Identification
Risk identification will involve the project team, appropriate stakeholders, and will include an evaluation of environmental factors, organizational culture and the project management plan including the project scope. Careful attention will be given to the project deliverables assumptions, constraints, WBS, cost/effort estimates, resource plan, and other key project documents.
A Risk Management Log will be generated and updated as needed and will be stored electronically in the in the project…...

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