Join Bob McGannon for an in-depth discussion in this video Building a risk-response plan, part of Project Management Foundations: Risk.
With all of this work on risks and appropriate responses,…how do you ensure it doesn't all fall through the cracks…when the day-to-day pressures of deadlines, heaps of e-mail…and stakeholders wanting attention flock to your desk?…The answer is you create a risk response plan.…A document that not only captures your…risks and analysis you've performed,…but actually informs your actions going forward.…Let's talk about the fundamental items you…should put into your risk response plan.…
First and foremost the risk response plan lists your risks,…including identified risk causes,…descriptions and potential impacts,…along with a triple constraint element…or elements affected should the risk occur.…Second, include your qualitative and quantitative analysis…results and your risk response plan for each risk.…You may include a primary and secondary risk response…plan if more than one is being considered.…Third, if executing your risk response plans include…leveraging contingency reserves or if they include…contract-related actions you'll need to take with…
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- Incorporating risk management into your project
- Identifying risk
- Categorizing risks
- Performing qualitative and quantitative risk analysis
- Building a risk-response plan
- Deciding when to execute a risk-response plan<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.