CHAPTER 3
Risk Management Planning
Regret for the things we did can be tempered by time; it is regret for the things we did not do that is inconsolable.
—SYDNEY J. HARRIS
Risks are inherent in every project. There is no avoiding them; therefore, you must make plans to manage risk and minimize its impact on the project. Risk response planning occurs during the project planning process, as illustrated in Figure 3-1.
EXECUTING RISK MANAGEMENT PLANNING
Risk management planning deals with two types of risks: identifiable risks and unmanaged assumptions. Identifiable risks are those that can be recognized during planning and engagement contracting ...
