Ensure that risk management is embedded in the processes used for project plan development and project plan execution. Use templates and standards for risk identification and management, and integrate risk activities in the project methodologies and development methods you will use. Use historical project information and lessons learned on earlier work as a foundation for risk management.
Risk management on large programs represents a significant effort. As part of cost budgeting, secure commitment for funding and staffing of risk management.
Adopt an overall process including:
Qualitative risk analysis and quantitative risk analysis
Risk response planning
Risk monitoring and control
For small ...