Plan Risk Responses
Process
Developing options, strategies, and actions to address overall project risk exposure, as well as to treat individual project risks.
When performed: Throughout the project
Process group: Planning
Knowledge Area: Risk Management
Outputs Created
Outputs Updated
- Risk register*
- Risk report*
- Schedule management plan
- Cost management plan
- Quality management plan
- Resource management plan
- Procurement management plan
- Scope baseline
- Schedule baseline
- Cost baseline
- Assumption log
- Cost forecasts
- Lessons learned register
- Project schedule
- Project team assignments
Inputs
- Risk management plan
- Resource management plan
- Risk report
- Risk register
- Cost baseline
- Stakeholder register
- Project schedule
- Resource calendars
- Project team assignments
- Lessons learned register
- Enterprise environmental factors
- Risk appetite and thresholds of key stakeholders
- Organizational process assets
- Templates for the risk management plan, risk register, and risk report
- Historical databases
- Lessons learned repositories from similar projects
Tools & Techniques
- Interviews
- Facilitation
- Strategies for threats
- Strategies for opportunities
- Contingent response strategies
- Strategies for overall project risk
- Alternatives analysis
- Cost-benefit analysis
- Multicriteria decision analysis
- Expert judgment
Key inputs & outputs are indicated with *
