What document in Project Risk Management outlines the approach, tools, and data sources that will be used to perform risk management activities, including methodologies, roles and responsibilities, funding, timing, and risk categories?
The Risk Management Plan is the component of the project management plan that describes how risk management activities will be structured and performed. It includes details on risk strategy, methodologies for managing risk, assignment of roles and responsibilities, funding required for risk activities, timings for key risk management activities, and the various categories of risk which might affect a project. This plan sets the foundation for all risk management processes throughout the project's lifecycle.
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What methodologies are typically included in a Risk Management Plan?
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What roles and responsibilities are commonly defined in a Risk Management Plan?
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How does the Risk Management Plan influence the project lifecycle?
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