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Practical Project Initiation: A Handbook with Tools by Karl E Wiegers

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Risk Management Components

Risk management is the application of appropriate tools and procedures to contain risk within acceptable limits. As with other project activities, begin risk management by developing a plan. The work aids that accompany this book include a risk management plan template; an outline of this template appears in Figure 6-1. The template document includes guidance that describes how to complete each section. This template is suitable for larger projects. Small projects can include a concise risk management plan as a section within the overall project management plan.

Risk management plan template.

Figure 6-1. Risk management plan template.

Risk management ...

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