The document outlines HC Data Pro's risk management plan for their Secure Data Processing project. It details the risk management process which includes identifying, analyzing, planning responses for, monitoring, and reporting risks. Risks will be identified and assessed for probability and impact, with high-risk items addressed through mitigation or contingency plans. A risk log will track risks and the top 10 risks will be regularly reported. The plan was created by the project manager and must be approved by stakeholders.
Develop options and determine actions to enhance opportunities and minimize threats to Departments/project objectives.Assign responsibility to individuals or parties for each risk response.
With the automated Risk Assessment module from SunGard®, you’ll quickly collect accurate and timely information that will: (1) Reveal the technical, human, natural, or proximal (e.g., nearby highway) risks that threaten any location. (2) Ascertain the probability and severity level of each threat. (3) Identify the consequences for each identified risk. (4) Determine the efficacy of any mitigation strategies or controls currently in place.
Develop options and determine actions to enhance opportunities and minimize threats to Departments/project objectives.Assign responsibility to individuals or parties for each risk response.
With the automated Risk Assessment module from SunGard®, you’ll quickly collect accurate and timely information that will: (1) Reveal the technical, human, natural, or proximal (e.g., nearby highway) risks that threaten any location. (2) Ascertain the probability and severity level of each threat. (3) Identify the consequences for each identified risk. (4) Determine the efficacy of any mitigation strategies or controls currently in place.
Project Risk Management Plan
A project risk management plan based on the assumption of a new company -O2D- created by our team
Planned and Presented in UCI PM class
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty one slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Risk Identification Powerpoint Presentation Slides complete deck.
The Art and Science Behind Successful Risk WorkshopsAcumen
This paper discusses how a well-structured balance of risk process combined with sound workshop facilitation can provide more value to a project’s bottom line than most typically ever realize. Imagine a silver bullet that enables you to objectively determine accurate project costs; contingency; strategic insight into which projects should be considered portfolio inclusion; and how realistic a project plan is. Sound too good to be true? Read on…
Risk Identification Process PowerPoint Presentation SlidesSlideTeam
Showcase planned methods of hazard analysis with our content ready Risk Identification Process PowerPoint Presentation Slides. The hazard awareness process PowerPoint complete deck has forty-five PPT slides like risk management introduction, types of risks, risk categories, stakeholder’s management and engagement, risk appetite and tolerance, procedure, risk management plan, risk identification, risk register, risk assessment, risk analysis, risk response plan, risk response matrix, risk control matrix, risk items tracking, tools and practices, risk impact & profitability analysis, risk mitigations strategies, plans, qualitative and quantitative risk analysis, etc. All PowerPoint templates of risk assessment steps presentation are fully editable, edit them as per your specific project needs. The same risk management presentation deck can also be used to portray topics such as risk analysis, risk appetite, business continuity, risk-based auditing, hazard analysis, risk analysis, risk assessment and so on. Download this professionally designed risk management plan presentation deck to mitigate the risk. Our Risk Identification Process PowerPoint Presentation Slides are magnetic in nature. They will draw the right people to your cause.
Risk Management Process Steps PowerPoint Presentation Slides SlideTeam
It covers all the important concepts and has relevant templates which cater to your business needs. This complete deck has PPT slides on Risk Management Process Steps PowerPoint Presentation Slides with well suited graphics and subject driven content. This deck consists of total of fifty four slides. All templates are completely editable for your convenience. You can change the colour, text and font size of these slides. You can add or delete the content as per your requirement. Get access to this professionally designed complete deck presentation by clicking the download button below.
Disaster can strike at any time and can significantly disrupt business if you're not prepared. This guide provides steps to take to recover from a IT disaster, what to include in a disaster recovery plan, and common causes of IT disasters.
Project Name Risk Management PlanVersion 1.0 Error! Unkno.docxwkyra78
<Project Name> Risk Management Plan
Version: 1.0 Error! Unknown document property name.<Project Name>Risk Management Plan
Version Number: 1.0
Version Date: <mm/dd/yyyy>
Notes to the Author
[This document is a template of a Risk Management Plan document for a project. The template includes instructions to the author, boilerplate text, and fields that should be replaced with the values specific to the project.
· Blue italicized text enclosed in square brackets ([text]) provides instructions to the document author, or describes the intent, assumptions and context for content included in this document.
· Blue italicized text enclosed in angle brackets (<text>) indicates a field that should be replaced with information specific to a particular project.
· Text and tables in black are provided as boilerplate examples of wording and formats that may be used or modified as appropriate to a specific project. These are offered only as suggestions to assist in developing project documents; they are not mandatory formats.
When using this template, the following steps are recommended:
1. Replace all text enclosed in angle brackets (e.g., <Project Name>) with the correct field document values. These angle brackets appear in both the body of the document and in headers and footers. To customize fields in Microsoft Word (which display a gray background when selected) select File->Properties->Summary and fill in the appropriate fields within the Summary and Custom tabs.
After clicking OK to close the dialog box, update all fields throughout the document selecting Edit>Select All (or Ctrl-A) and pressing F9. Or you can update each field individually by clicking on it and pressing F9.
These actions must be done separately for any fields contained with the document’s Header and Footer.
2. Modify boilerplate text as appropriate for the specific project.
3. To add any new sections to the document, ensure that the appropriate header and body text styles are maintained. Styles used for the Section Headings are Heading 1, Heading 2 and Heading 3. Style used for boilerplate text is Body Text.
4. To update the Table of Contents, right-click on it and select “Update field” and choose the option - “Update entire table”.
5. Before submission of the first draft of this document, delete this instruction section “Notes to the Author” and all instructions to the author throughout the entire document.VERSION HISTORY
[Provide information on how the development and distribution of the Risk Management Plan will be controlled and tracked. Use the table below to provide the version number, the author implementing the version, the date of the version, the name of the person approving the version, the date that particular version was approved, and a brief description of the reason for creating the revised version.]
Version
Number
Implemented
By
Revision
Date
Approved
By
Approval
Date
Description of
Change
1.0
<Author name>
<mm/dd/yyyy>
<name>
<mm/dd/yy>
<description of ...
Project Risk Management Plan
A project risk management plan based on the assumption of a new company -O2D- created by our team
Planned and Presented in UCI PM class
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty one slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Risk Identification Powerpoint Presentation Slides complete deck.
The Art and Science Behind Successful Risk WorkshopsAcumen
This paper discusses how a well-structured balance of risk process combined with sound workshop facilitation can provide more value to a project’s bottom line than most typically ever realize. Imagine a silver bullet that enables you to objectively determine accurate project costs; contingency; strategic insight into which projects should be considered portfolio inclusion; and how realistic a project plan is. Sound too good to be true? Read on…
Risk Identification Process PowerPoint Presentation SlidesSlideTeam
Showcase planned methods of hazard analysis with our content ready Risk Identification Process PowerPoint Presentation Slides. The hazard awareness process PowerPoint complete deck has forty-five PPT slides like risk management introduction, types of risks, risk categories, stakeholder’s management and engagement, risk appetite and tolerance, procedure, risk management plan, risk identification, risk register, risk assessment, risk analysis, risk response plan, risk response matrix, risk control matrix, risk items tracking, tools and practices, risk impact & profitability analysis, risk mitigations strategies, plans, qualitative and quantitative risk analysis, etc. All PowerPoint templates of risk assessment steps presentation are fully editable, edit them as per your specific project needs. The same risk management presentation deck can also be used to portray topics such as risk analysis, risk appetite, business continuity, risk-based auditing, hazard analysis, risk analysis, risk assessment and so on. Download this professionally designed risk management plan presentation deck to mitigate the risk. Our Risk Identification Process PowerPoint Presentation Slides are magnetic in nature. They will draw the right people to your cause.
Risk Management Process Steps PowerPoint Presentation Slides SlideTeam
It covers all the important concepts and has relevant templates which cater to your business needs. This complete deck has PPT slides on Risk Management Process Steps PowerPoint Presentation Slides with well suited graphics and subject driven content. This deck consists of total of fifty four slides. All templates are completely editable for your convenience. You can change the colour, text and font size of these slides. You can add or delete the content as per your requirement. Get access to this professionally designed complete deck presentation by clicking the download button below.
Disaster can strike at any time and can significantly disrupt business if you're not prepared. This guide provides steps to take to recover from a IT disaster, what to include in a disaster recovery plan, and common causes of IT disasters.
Project Name Risk Management PlanVersion 1.0 Error! Unkno.docxwkyra78
<Project Name> Risk Management Plan
Version: 1.0 Error! Unknown document property name.<Project Name>Risk Management Plan
Version Number: 1.0
Version Date: <mm/dd/yyyy>
Notes to the Author
[This document is a template of a Risk Management Plan document for a project. The template includes instructions to the author, boilerplate text, and fields that should be replaced with the values specific to the project.
· Blue italicized text enclosed in square brackets ([text]) provides instructions to the document author, or describes the intent, assumptions and context for content included in this document.
· Blue italicized text enclosed in angle brackets (<text>) indicates a field that should be replaced with information specific to a particular project.
· Text and tables in black are provided as boilerplate examples of wording and formats that may be used or modified as appropriate to a specific project. These are offered only as suggestions to assist in developing project documents; they are not mandatory formats.
When using this template, the following steps are recommended:
1. Replace all text enclosed in angle brackets (e.g., <Project Name>) with the correct field document values. These angle brackets appear in both the body of the document and in headers and footers. To customize fields in Microsoft Word (which display a gray background when selected) select File->Properties->Summary and fill in the appropriate fields within the Summary and Custom tabs.
After clicking OK to close the dialog box, update all fields throughout the document selecting Edit>Select All (or Ctrl-A) and pressing F9. Or you can update each field individually by clicking on it and pressing F9.
These actions must be done separately for any fields contained with the document’s Header and Footer.
2. Modify boilerplate text as appropriate for the specific project.
3. To add any new sections to the document, ensure that the appropriate header and body text styles are maintained. Styles used for the Section Headings are Heading 1, Heading 2 and Heading 3. Style used for boilerplate text is Body Text.
4. To update the Table of Contents, right-click on it and select “Update field” and choose the option - “Update entire table”.
5. Before submission of the first draft of this document, delete this instruction section “Notes to the Author” and all instructions to the author throughout the entire document.VERSION HISTORY
[Provide information on how the development and distribution of the Risk Management Plan will be controlled and tracked. Use the table below to provide the version number, the author implementing the version, the date of the version, the name of the person approving the version, the date that particular version was approved, and a brief description of the reason for creating the revised version.]
Version
Number
Implemented
By
Revision
Date
Approved
By
Approval
Date
Description of
Change
1.0
<Author name>
<mm/dd/yyyy>
<name>
<mm/dd/yy>
<description of ...
RM_audit_overview_w_voice.pptx (2).mp4
Interoperability Montana
Risk Management Plan
IM Risk Management Plan v4 0.doc
11/29/2007
RISK MANAGEMENT PLAN
Prepared by:
Northrop Grumman Corporation
Interoperability Montana
Risk Management Plan
IM Risk Management Plan v4 0.doc
11/29/2007
Document Approval
And
Revision History
Date Document
Version
Document Revision Description Document Author
9/4/07 1.0 Original Document NGC
10/22/07 4.0 Published Document NGC
Approval
Date
Approved
Version
Approver Role Approver
10/22/07 4.0 Denny Espeland, Program Manager
Interoperability Montana
Risk Management Plan
IM Risk Management Plan v4 0.doc
11/29/2007
Table of Contents
1 Executive Summary ................................................................................................................ 1
1.1 Purpose............................................................................................................................ 2
2 Risk Management Strategy ..................................................................................................... 2
2.1 Risk Identification........................................................................................................... 2
2.2 Risk Responsibilities....................................................................................................... 4
2.3 Risk Assessment ............................................................................................................. 4
2.4 Risk Response ................................................................................................................. 6
2.5 Risk Mitigation ............................................................................................................... 6
2.6 Risk Contingency Planning............................................................................................. 7
2.7 Tracking and Reporting .................................................................................................. 8
2.8 Processes to Address Immediate Unforeseen Risks ....................................................... 8
Interoperability Montana
Risk Management Plan
IM Risk Management Plan v4 0.doc
11/29/2007
Page 1
1 Executive Summary
Risk is defined as an event that has a probability of occurring, and could have
either a positive or negative impact to a project should that risk occur. A risk may
have one or more causes and, if it occurs, one or more impacts. For example, a
cause may be requiring an environmental permit to do work, or having limited
personnel assigned to design the project. The risk event is that the permitting
agency may take longer than planned to issue a permit, or the assigned personnel
available and assigned may not be adequate for the activity. If either of these
uncertain events o ...
372the risk report described in . The risk report will be .docxBHANU281672
372
the risk report described in . The risk report will be updated to reflect the results ofSection 11.2.3.2
the quantitative risk analysis. This will typically include:
Assessment of overall project risk exposure. Overall project risk is reflected in two key
measures:
Chances of project success, indicated by the probability that the project will achieve its
key objectives (e.g., required end date or interim milestones, required cost target, etc.)
given the identified individual project risks and other sources of uncertainty; and
Degree of inherent variability remaining within the project at the time the analysis was
conducted, indicated by the range of possible project outcomes.
Detailed probabilistic analysis of the project. Key outputs from the quantitative risk
analysis are presented, such as S-curves, tornado diagrams, and criticality analysis, together
with a narrative interpretation of the results. Possible detailed results of a quantitative risk
analysis may include:
Amount of contingency reserve needed to provide a specified level of confidence;
Identification of individual project risks or other sources of uncertainty that have the
greatest effect on the project critical path; and
Major drivers of overall project risk, with the greatest influence on uncertainty in project
outcomes.
Prioritized list of individual project risks. This list includes those individual project risks
that pose the greatest threat or present the greatest opportunity to the project, as indicated by
sensitivity analysis.
Trends in quantitative risk analysis results. As the analysis is repeated at different times
during the project life cycle, trends may become apparent that inform the planning of risk
responses.
Recommended risk responses. The risk report may present suggested responses to the level
of overall project risk exposure or key individual project risks, based on the results of the
quantitative risk analysis. These recommendations will form inputs to the Plan Risk
Responses process.
11.5 PLAN RISK RESPONSES
Plan Risk Responses is the process of developing options, selecting strategies, and agreeing on
actions to address overall project risk exposure, as well as to treat individual project risks. The key
benefit of this process is that it identifies appropriate ways to address overall project risk and
individual project risks. This process also allocates resources and inserts activities into project
documents and the project management plan as needed. This process is performed throughout the
project. The inputs, tools and techniques, and outputs of the process are depicted in . Figure 11-16
depicts the data flow diagram for the process.Figure 11-17
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372the risk report described in . The risk report will be .docxpriestmanmable
372
the risk report described in . The risk report will be updated to reflect the results ofSection 11.2.3.2
the quantitative risk analysis. This will typically include:
Assessment of overall project risk exposure. Overall project risk is reflected in two key
measures:
Chances of project success, indicated by the probability that the project will achieve its
key objectives (e.g., required end date or interim milestones, required cost target, etc.)
given the identified individual project risks and other sources of uncertainty; and
Degree of inherent variability remaining within the project at the time the analysis was
conducted, indicated by the range of possible project outcomes.
Detailed probabilistic analysis of the project. Key outputs from the quantitative risk
analysis are presented, such as S-curves, tornado diagrams, and criticality analysis, together
with a narrative interpretation of the results. Possible detailed results of a quantitative risk
analysis may include:
Amount of contingency reserve needed to provide a specified level of confidence;
Identification of individual project risks or other sources of uncertainty that have the
greatest effect on the project critical path; and
Major drivers of overall project risk, with the greatest influence on uncertainty in project
outcomes.
Prioritized list of individual project risks. This list includes those individual project risks
that pose the greatest threat or present the greatest opportunity to the project, as indicated by
sensitivity analysis.
Trends in quantitative risk analysis results. As the analysis is repeated at different times
during the project life cycle, trends may become apparent that inform the planning of risk
responses.
Recommended risk responses. The risk report may present suggested responses to the level
of overall project risk exposure or key individual project risks, based on the results of the
quantitative risk analysis. These recommendations will form inputs to the Plan Risk
Responses process.
11.5 PLAN RISK RESPONSES
Plan Risk Responses is the process of developing options, selecting strategies, and agreeing on
actions to address overall project risk exposure, as well as to treat individual project risks. The key
benefit of this process is that it identifies appropriate ways to address overall project risk and
individual project risks. This process also allocates resources and inserts activities into project
documents and the project management plan as needed. This process is performed throughout the
project. The inputs, tools and techniques, and outputs of the process are depicted in . Figure 11-16
depicts the data flow diagram for the process.Figure 11-17
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Episode 25 : Project Risk Management
Understand what risk is and the importance of good project risk management.
Discuss the elements involved in risk management planning and the contents of a risk management plan.
List common sources of risks in engineering and information technology projects.
Describe the risk identification process, tools, and techniques to help identify project risks, and the main output of risk identification, a risk register.
SAJJAD KHUDHUR ABBAS
Chemical Engineering , Al-Muthanna University, Iraq
Oil & Gas Safety and Health Professional – OSHACADEMY
Trainer of Trainers (TOT) - Canadian Center of Human
Development
Risk Management Plan Project NameLast UpdatedOverviewPro.docxhealdkathaleen
Risk Management Plan
Project Name
Last Updated
Overview
Provide an overview of the process you plan to employ to manage risk, what roles will be involved, what the procedures will be and how you will measure the impacts of risk. Include the name of your project, and indicate the version of plan and illustrate how each new version will be indicated.
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Process
Describe the process you plan to employ to manage risks. Will existing meetings/groups be leveraged in order to alleviate meetings? What will be the escalation procedures.
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Roles and Responsibilities
Describe who will be involved with the risk management process. What roles and teams are required? Are meetings required? If so, how often?
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk management Plan
Communications Strategy
Describe what methods will be used to communicate on issues. Will existing meetings be used? What will the escalation procedures be?
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Rules/Procedures
Describe the rules or procedures the team must follow when logging, managing, and assessing risk. Should all risks be submitted to the project manager? What mechanism will be used to log risks?
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Risk Impact Analysis Approach
Describe the process that will be used to assess the impact of each risk. Who will be involved in this impact analysis?
ImpactTimeOccurrence Probability Rank
(Impact x Occurrence probability = RankHigh – 3Greater than 3 months delay of schedule (3)Very likely greater than 70% or 53x70%=2.1Medium - 21-3 month delay in implementation (2)Probable – 30 to 70%Low – 11 week to 1 month delay in implementation (1)Unlikely
‹#›
PGMT 530 Risk, Procurement and Contracts
Risk Management Plan
Reporting Format
Describe the elements of your reporting format. Describe the elements of the format to provide approval of the plan
‹#›
PGMT 530 Risk, Procurement and Contracts
<Project Name> Risk Management Plan
Version: 1.0 Error! Unknown document property name.<Project Name>Risk Management Plan
Version Number: 1.0
Version Date: <mm/dd/yyyy>
Notes to the Author
This document is a template of a Risk Management Plan document for a project. The template includes instructions for the proper preparation of your complete risk management plan. Failure to address all of the sections will result in a deduction of points.
Project
Description
Please describe the project that will be the subject of your risk management plan.VERSION HISTORY
Provide information on how the development and distribution of the Risk Management Plan will be controlled and tracked. Use the table below to provide the version number, the author implementing the version, the date of the version, the name of the person approving the version, the date tha ...
10.9 STORE-DRIVEN FORECASTS.
The Home Depot is a leading specialty retailer of hardware and home improvement products and is the second-largest retail store chain in the United States. It operates large warehouse-style stores. Despite declining sales and difficult economic conditions in 2007 and 2008, The Home Depot continued to invest in new stores. The following table provides summary data for The Home Depot.
Required
a. Use the preceding data for The Home Depot to compute average revenues per store, capital spending per new store, and ending inventory per store in 2008.
b. Assume that The Home Depot will add 100 new stores by the end of Year +1.
Use the data from 2008 to project Year +1 sales revenues, capital spending, and ending inventory. Assume that each new store will be open for business for an average of one-half year in Year _1. For simplicity, assume that in
Year +1, Home Depot’s sales revenues will grow, but only because it will open new stores.
<Project Name> Risk Management Plan
Version: 1.0 Error! Unknown document property name.<Project Name>Risk Management Plan
Version Number: 1.0
Version Date: <mm/dd/yyyy>
Notes to the Author
[This document is a template of a Risk Management Plan document for a project. The template includes instructions to the author, boilerplate text, and fields that should be replaced with the values specific to the project.
· Blue italicized text enclosed in square brackets ([text]) provides instructions to the document author, or describes the intent, assumptions and context for content included in this document.
· Blue italicized text enclosed in angle brackets (<text>) indicates a field that should be replaced with information specific to a particular project.
· Text and tables in black are provided as boilerplate examples of wording and formats that may be used or modified as appropriate to a specific project. These are offered only as suggestions to assist in developing project documents; they are not mandatory formats.
When using this template, the following steps are recommended:
1. Replace all text enclosed in angle brackets (e.g., <Project Name>) with the correct field document values. These angle brackets appear in both the body of the document and in headers and footers. To customize fields in Microsoft Word (which display a gray background when selected) select File->Properties->Summary and fill in the appropriate fields within the Summary and Custom tabs.
After clicking OK to close the dialog box, update all fields throughout the document selecting Edit>Select All (or Ctrl-A) and pressing F9. Or you can update each field individually by clicking on it and pressing F9.
These actions must be done separately for any fields contained with the document’s Header and Footer.
2. Modify boilerplate text as appropriate for the specific project.
3. To add any new sections to the document, ensure that the appropriate header and body text styles are maintained. Styles used for the Se.
1. HC Data Pro Security Plan Laura Aviles
HC DATA PRO
RISK MANAGEMENT PLAN
12/09/2014
2. HC Data Pro
TABLE OF CONTENTS
1 INTRODUCTION......................................................................................................................1
1.1 Purpose Of The Risk Management Plan............................................................................1
2 RISK MANAGEMENT PROCEDURE...................................................................................1
2.1 Process................................................................................................................................1
2.2 Risk Identification..............................................................................................................1
2.2.1 Qualitative Risk Analysis........................................................................................1
2.2.2 Quantitative Risk Analysis......................................................................................2
2.3 Risk Response Planning.....................................................................................................2
2.4 Risk Monitoring, Controlling, And Reporting...................................................................2
3 TOOLS AND PRACTICES.......................................................................................................2
3
3. HC Data Pro
1 INTRODUCTION
1.1 PURPOSE OF THE RISK MANAGEMENT PLAN
A risk is an event or condition that, if it occurs, could have a positive or negative effect on
a project’s objectives. Risk Management is the process of identifying, assessing,
responding to, monitoring, and reporting risks. This Risk Management Plan defines how
risks associated with the HC Data Pro Secure Data Processing project will be identified,
analyzed, and managed. It 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
HC Data Pro Security Data Plan and shall be monitored and updated throughout the
project.
The intended audience of this document is the project team, project sponsor and
management.
2 RISK MANAGEMENT PROCEDURE
2.1 PROCESS
The project manager working with the project team and project sponsors will ensure that
risks are actively identified, analyzed, and managed throughout the life of the project.
Risks will be identified as early as possible in the project so as to minimize their impact.
The steps for accomplishing this are outlined in the following sections. The project
manager or other designee will serve as the Risk Manager for this project.
2.2 RISK IDENTIFICATION
Risk identification will involve the project team, appropriate stakeholders, and will include
an evaluation of environmental factors, organizational culture and the project management
plan including the project scope. Careful attention will be given to the project deliverables,
assumptions, constraints, cost/effort estimates, resource plan, and other key project
documents.
A Risk Management Log will be generated and updated as needed and will be stored
electronically in the project library located within the central branch of HC Data Pro.
All risks identified will be assessed to identify the range of possible project outcomes.
Qualification will be used to determine which risks are the top risks to pursue and respond
to and which risks can be ignored.
2.2.1 Qualitative Risk Analysis
The probability and impact of occurrence for each identified risk will be assessed by the
project manager, with input from the project team using the following approach:
Probability
• High – Greater than <70%> probability of occurrence
• Medium – Between <30%> and <70%> probability of occurrence
• Low – Below <30%> probability of occurrence
Impact
Revision Date 12/09/2014 Page 1
4. HC Data Pro
• High – Risk that has the potential to greatly impact project cost, project schedule or
performance
• Medium – Risk that has the potential to slightly impact project cost, project schedule or
performance
• Low – Risk that has relatively little impact on cost, schedule or performance
Risks that fall within the RED and YELLOW zones will have risk response planning which
may include both a risk mitigation and a risk contingency plan.
2.2.2 Quantitative Risk Analysis
Analysis of risk events that have been prioritized using the qualitative risk analysis process
and their affect on project activities will be estimated, a numerical rating applied to each
risk based on this analysis, and then documented in this section of the risk management
plan.
2.3 RISK RESPONSE PLANNING
Each major risk (those falling in the Red & Yellow zones) will be assigned to a project
team member for monitoring purposes to ensure that the risk will not “fall through the
cracks”.
For each major risk, one of the following approaches will be selected to address it:
• Avoid – eliminate the threat by eliminating the cause
Mitigate – Identify ways to reduce the probability or the impact of the risk
• Accept – Nothing will be done
• Transfer – Make another party responsible for the risk (buy insurance, outsourcing, etc.)
For each risk that will be mitigated, the project team will identify ways to prevent the risk
from occurring or reduce its impact or probability of occurring. This may include
prototyping, adding tasks to the project schedule, adding resources, etc.
For each major risk that is to be mitigated or that is accepted, a course of action will be
outlined for the event that the risk does materialize in order to minimize its impact.
2.4 RISK MONITORING, CONTROLLING, AND REPORTING
The level of risk on a project will be tracked, monitored and reported throughout the
project lifecycle.
A “Top 10 Risk List” will be maintained by the project team and will be reported as a
component of the project status reporting process for this project.
All project change requests will be analyzed for their possible impact to the project risks.
Management will be notified of important changes to risk status as a component to the
Executive Project Status Report.
3 TOOLS AND PRACTICES
A Risk Log will be maintained by the project manager and will be reviewed as a standing
agenda item for project team meetings.
Revision Date 12/09/2014 Page 2
5. HC Data Pro
RISK MANAGEMENT PLAN APPROVAL
The undersigned acknowledge they have reviewed the Risk Management Plan for the HC
Data Secure Processing project. Changes to this Risk Management Plan will be
coordinated with and approved by the undersigned or their designated representatives.
Signature: Date:
Print Name:
Title:
Role:
Signature: Date:
Print Name:
Title:
Role:
Signature: Date:
Print Name:
Title:
Role:
Signature: Date:
Print Name:
Title:
Role:
Revision Date 12/09/2014 Page 3
6. HC Data Pro
RISK MANAGEMENT PLAN APPROVAL
The undersigned acknowledge they have reviewed the Risk Management Plan for the HC
Data Secure Processing project. Changes to this Risk Management Plan will be
coordinated with and approved by the undersigned or their designated representatives.
Signature: Date:
Print Name:
Title:
Role:
Signature: Date:
Print Name:
Title:
Role:
Signature: Date:
Print Name:
Title:
Role:
Signature: Date:
Print Name:
Title:
Role:
Revision Date 12/09/2014 Page 3