The Project Management Tool Kit: 100 Tips and Techniques for Getting the Job Done Right

Determine Risk Management Process

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:

• Risk identification

• Qualitative risk analysis and quantitative risk analysis

• Risk response planning

• Risk monitoring and control

For small ...