6 Plan Risk

All you need is the plan—the road map—and the courage to press on to your destination.

—Earl Nightingale

At all organizational levels, plans precede the accomplishment of work. Although management is responsible for high-level project planning, everyone plans with respect to accomplishing their assigned work. Planning for risk management includes the activity of developing risk management policy and procedures. A risk management plan is documented to respond to the goals established for the risk management initiative. Technical staff and integrated product teams develop more detailed action plans to resolve technical risk. These plans are needed to delegate responsibility and authority for managing risk to the lowest possible levels ...

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