Project Risk Management-planning Risk Management

Planning risk management is a process that defines how to implement project risk management activities.

Input:

1. Project Scope
2. Cost management plan: defines how to approve and report risk budgets, emergency reserves, and management reserves
3. Progress Management Plan: defines how to approve and report progress emergency reserves
4. Communication Management Plan: defines various interactions in the project, and clarifies who shares information about various risks and their corresponding measures.
5. Business Environment Factors
6. Organizational Process assets

Tools and technologies

1. Planning meetings and Analysis

Output:

1. Risk management plan: describes how to arrange and implement project risk management. It is a sub-plan of the project management plan, including: methodology, roles and responsibilities, budget, time schedule, risk categories, definitions of risk probability and impact, proof of probability impact, ability of modified stakeholders, report format, and tracking