The document is a template for a Project Administration Plan that contains summaries of plans for various aspects of project management including scope management, time/cost management, quality management, human resource management, communication management, risk management, and procurement management. It provides optional text for different approaches that can be selected and customized for a specific project.
2. Risk Identification – Once the initial Planning processes are complete, all team members will participate in a brainstorming session to identify as many potential risks as possible.
3. Risk Qualification – Risks will be assigned a value from 1-10 for probability and a separate value from 1-10 for impact. A risk score is then calculated by multiplying the two values.
4. Risk Response Planning - Risks with a score of 70 or higher will be assigned an owner who will then create a Risk Response Plan. If the risk occurs, the owner will be responsible for implementing the Risk Response Plan. Risks with a score below 70 will be placed on a watch list.
5. Risk Monitoring and Control – Risks will be evaluated at each project team meeting to determine if the probability or impact has changed. The team will also evaluate the project to detect risks not previously identified.Business Owner Project ManagerOther StakeholdersProject TeamRisk OwnerRisk Management PlanningXRisk IdentificationXXXXQualitative Risk AnalysisXXXXRisk Response PlanningXXXXRisk Monitoring & ControlXXX<br />Procurement Management Plan<br />The project manager will research IS Sourcing and Supplier Management policies, including watching the IS Sourcing Overview DVD.<br />The project manager will meet with IS Sourcing and Supplier Management personnel to discuss contingency planning and risk transfer/mitigation options. This information will assist the project manager in the formulation of options when certain threats or opportunities occur.<br />It is unlikely that this project will require the services of the IS Sourcing and Supplier Management team so no meeting will be scheduled unless a need is identified later.<br />