Planning risk management is a process that defines how to implement project risk management activities.
Input:
- Project Scope
- Cost management plan: defines how to approve and report risk budgets, emergency reserves, and management reserves
- Progress Management Plan: defines how to approve and report progress emergency reserves
- Communication Management Plan: defines various interactions in the project, and clarifies who shares information about various risks and their corresponding measures.
- Business Environment Factors
- Organizational Process assets
Tools and technologies
- Planning meetings and Analysis
Output:
- 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