Risk Management Professional (PMI-RMP)® Cert Guide

Chapter 5

The Risk Management Plan (RMP)

This chapter covers the following topics:

• The Three R’s: RAM, RACI, and RBS

• Risk Responsibility and Accountability

• Risk Communication Documentation

• Risk Education and Training

As any project begins, the risk management plan (RMP) should begin at the same time. The RMP is one of the first documents that a project or risk manager generates, and it covers a wealth of information about how the project should be managed from a risk perspective. A common misunderstanding about the RMP is that the document lists all the project risks. It does not. It should not list any of them, except for reference purposes. Its role in the process is to affirm how risk will be managed and what the risk norms of the enterprise ...