outlines how risk management activities will be performed, recorded, and monitored throughout the lifecycle of the project and provides templates and practices for recording and prioritizing risks. The Risk Management Plan is created by the project manager in the Planning Phase of the IT department and is monitored and updated throughout the project. The intended audience of this document is the project team, project sponsor and management. 1. Define the risk assessment to be used. The risk must be…
Words 9335 - Pages 38