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 measurable in some way. 2. Identify the risk Risks will be categorized 3. Monitor the risk -Schedule reviews -Asses the action taken 4. Control the risk - Confirm mitigation - Take…
Words 9335 - Pages 38