Work Product Descriptor (Artifact): Risk Management Plan

This artifact details how to manage the risks associated with a project. It details the risk management tasks that will be carried out, assigned responsibilities, and any additional resources required for the risk management activity. On a smaller scale project, this plan may be embedded within the Software Development Plan.

Purpose

To ensure that project risks are properly identified, analyzed, documented, mitigated, monitored, and controlled.

Relationships

Container Artifact	Software Development Plan
Roles	Responsible: Project Manager	Modified By:
Input To	Mandatory: None	Optional: Identify and Assess Risks	External: None

Main Description

The Risk Management Plan describes the approach that will be used to identify, analyze, prioritize, monitor, and mitigate risks. It details the risk management tasks that will be carried out, assigned responsibilities, and any additional resources required for the risk management activity. On a smaller scale project, this plan may be embedded within the Software Development Plan.

The Risk Management Plan should be updated when risks or mitigation strategies change.

Properties

Optional
Planned

Illustrations

Templates	Risk Management Plan

Tailoring

Representation Options	The Risk List may be sufficient by itself for smaller projects: for large or otherwise high-risk projects where significant resources will be dedicated to risk aversion, a separate Risk Plan may be needed. Enclosed work products: Risk List