If you take no risks, you will suffer no defeats. But if you take no risks, you win no victories.
Major topics in this chapter are risk planning tools:
These tools are instrumental in identifying risks to the project, assessing their potential impact, and developing actions to mitigate them (see Figure 9.1). The preparation of such a risk baseline requires two-way exchange of information with scope, cost, and schedule baselines. Also important in this process is the coordination with other tools of organizational, quality, and procurement planning. During the implementation phase, the fortune of risk control will start off and be measured against the risk baseline. In a nutshell, risk planning tools create a strategy to fend off undesired events in projects.
The purpose of this chapter is to support practicing and prospective project managers in their quest to
Internalizing these skills plays a central role in project planning and building the standardized PM process.
The Risk Response Plan assesses ...