Pmgt 613 Study guides, Class notes & Summaries

1.0 INTRODUCTION 1.1 PURPOSE OF THE RISK MANAGEMENT PLAN Risk management plan is a component of the project management plan that describes how risk management activities will be structured and performed (Project Management Institute, 2013). This plan includes key elements that help identify risks, responsibilities and a breakdown structure. The risk management plan will identify, assess, prioritize and mitigate risks for the project. In assessing risk, one can reduce the likelihood of ...

Team 5 will proceed through the common framework of the risk processes to include: plan risk management, identify risks, perform qualitative risk analysis, and perform quantitative risk analysis, plan risk responses and control risks. The processes will be executed sequential; however, following completion of each process changes to prior risk processes or associated plans may be necessary. The project change management plan will be utilized to initiate any necessary changes. The risk...

PMGT 613: Assessing & Managing Project Management Risk

1.1 PURPOSE OF THE RISK MANAGEMENT PLAN Risk management plan is a component of the project management plan that describes how risk management activities will be structured and performed (Project Management Institute, 2013). This plan includes key elements that help identify risks, responsibilities and a breakdown structure. The risk management plan will identify, assess, prioritize and mitigate risks for the project. In assessing risk, one can reduce the likelihood of a negative event o...