What is Risk Management Plan ?

• *A component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed. 

• An output of Plan Risk Management process. 

• It includes: ◦ Methodology ◦ Roles and responsibilities ◦ Budgeting ◦ Timing ◦ Risk categories ◦ Definitions of risk probability and impact ◦ Probability and impact matrix ◦ Revised stakeholders’ tolerances ◦ Reporting formats ◦ Tracking 

ENG. hassan shalaby

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