Risk Assessment Plan Template
Risk Assessment Plan Template
<Project Name>
Version: <1.1>
VERSION HISTORY
[Provide information on how the development and distribution of the Risk Management
Plan up to the final point of approval was 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
#
1.0
Implemented
By
<Author name>
Revision
Date
<mm/dd/yy>
Approved
By
<name>
Approval
Date
<mm/dd/yy>
1.1
<Author name>
<mm/dd/yy>
<name>
<mm/dd/yy>
Reason
Initial Risk Management
Plan draft
<reason>
<Project Name>
Version: <1.1>
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 for your project document, it is recommended that you follow
these steps:
1. Replace all text enclosed in angle brackets (i.e., <Project Name>) with the correct field
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):
a. Select File>Properties>Summary and fill in the Title field with the Document
Name and the Subject field with the Project Name.
b. Select File>Properties>Custom and fill in the Last Modified, Status, and Version
fields with the appropriate information for this document.
c. After you click OK to close the dialog box, update the fields throughout the
document with these values by selecting Edit>Select All (or Ctrl-A) and pressing
F9. Or you can update an individual field by clicking on it and pressing F9. This
must be done separately for Headers and Footers.
2. Modify boilerplate text as appropriate to 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 and select Update field and choose the
option- Update entire table
5. Before submission of the first draft of this document, delete this Notes to the Author
page and all instructions to the author, which appear throughout the document as blue
italicized text enclosed in square brackets.]
<Project Name>
Version: <1.1>
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
2.3
Risk Analysis..............................................................................................................1
2.3.1 Qualitative Risk Analysis.....................................................................................1
2.3.2 Quantitative Risk Analysis...................................................................................2
2.4
Risk Response Planning.............................................................................................2
2.5
Risk Monitoring, Controlling, And Reporting...........................................................2
3 TOOLS AND PRACTICES.....................................................................................................2
RISK MANAGEMENT PLAN APPROVAL..............................................................................3
APPENDIX A: REFERENCES....................................................................................................4
APPENDIX B: KEY TERMS......................................................................................................5
<Project Name>
Version: <1.1>
INTRODUCTION
1.1
2.1
PROCESS
[Summarize the steps necessary for responding to project risk.]
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, WBS, 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 at <file location>.
2.3
RISK ANALYSIS
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.
2.3.1
Page 1
<Project Name>
Version: <1.1>
Impact
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
Impact
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.
2.3.2
2.4
2.5
Page 2
<Project Name>
Version: <1.1>
Date:
Print Name:
Title:
Role:
Signature:
Date:
Print Name:
Title:
Role:
Signature:
Date:
Print Name:
Title:
Role:
Signature:
Date:
Print Name:
Title:
Role:
Page 3
<Project Name>
Version: <1.1>
APPENDIX A: REFERENCES
[Insert the name, version number, description, and physical location of any documents
referenced in this document. Add rows to the table as necessary.]
The following table summarizes the documents referenced in this document.
Document Name
and Version
<Document
Name and
Version Number>
Description
[Provide description of the
document]
Location
<URL or Network path where
document is located>
Page 4
<Project Name>
Version: <1.1>
Definition
[Provide definition of the term used in this document.]
[Provide definition of the term used in this document.]
[Provide definition of the term used in this document.]
Page 5