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Option #1: Risk Management Plan and Risk Register

The Project Management Institute (Project Management Institute, 2017) defines the Risk Management planning process as including:

1. Plan Risk Management
2. Identify Risks
3. Perform Qualitative Risk Analysis
4. Perform Quantitative Risk Analysis
5. Plan Risk Responses
6. Implement Risk Responses
7. Monitor Risks

This is outlined in both A guide to the project management body of knowledge and the Practice standard for project risk management.

For your final Portfolio Project, you will develop a complete Risk Management Plan and Risk Register for a project.

In Module 3, you selected your industry and submitted an executive summary of your selection (high-level project charter).

In Module 6, you developed a fully exhausted risk register of the risks on your project.

Your final Risk Management Plan should fully encompass the components listed above and include the risk register.Using the instructor feedback from your milestone assignments, your Risk Management Plan should meet these requirements: