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Risk-Management-Plan-Template-1.2

By Linda Andrews,2014-12-06 06:11
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Risk-Management-Plan-Template-1.2

    Risk Management Plan

A. General Information

    Provide basic information about the project including: Project Title The proper name used to identify this project;

    Project Working Title The working name or acronym that will be used for the project; Proponent Secretary The

    Secretary to whom the proponent agency is assigned or the Secretary that is sponsoring an enterprise project;

    Proponent Agency The agency that will be responsible for the management of the project; Prepared by The

    person(s) preparing this document; Date/Control Number The date the plan is finalized and the change or

    configuration item control number assigned.

     Project Title: Project Working Title:

     Proponent

    Secretary: Proponent Agency:

     Prepared by: Date / Control

    Number:

B. Risk Management Strategy

1. Risk Identification Process

    Describe the process for risk identification.

2. Risk Evaluation and Prioritization

    Describe how risks are evaluated and prioritized.

    1

3. Risk Mitigation Options

    Describe, in general terms, the risk mitigation options.

4. Risk Plan Maintenance

    Describe the methods for maintaining or updating the risk plan.

5. Risk Management Responsibilities

     Identify individuals with specified risk management responsibilities.

    Individual Responsibility

    2

C. Risk Analysis Summary

    Using the table provided, list each risk identified, the probability of occurrence, the expected impact level, a description of the impact, and when the risk event is likely to occur.

    Probability of

    Risk Occurrence Impact Level Time Frame

    Number Risk Name (Note 1) (Note 2) Impact Description (Note 3)

    Note: 1. Probability of Occurrence is the percentage of likelihood that the risk will occur.

    2. Impact Level is a score of one to five. One is the least impact and five is the highest impact.

    3. Provide time frames in fiscal years and quarters, if known.

    3

D. Risk Response Summary

    Prioritize and describe the plans for responding to each risk identified and evaluated in Section C.

    Risk Risk Response Priority Number Risk Name Responsible Person Mitigation Action(s) Trigger

    4

E. Risk Mitigation Cost

    Detail the estimated cost for responding to each identified risk. Based on the Risk Response Summary in Section D, identify the cost of responding to a particular risk using the most likely mitigation strategy. The total costs are used to derive the fiscal year contingency budget.

    Internal Develop-Materials Tele-

    Risk Staff ment and commun-Total

    Number Risk Name Labor Services Tools Software Hardware Supplies Facilities ications Training Cost

    5

F. Contingency (Risk) Budget

    Calculate the Contingency Budget for each fiscal year based on the Probability of Occurrence (from Section C) and the Total Cost for mitigation (from Section E) for each risk. Use one table for each fiscal year and list all risks anticipated for that fiscal year (see Section C). Calculate the Planned Contingency Cost for each risk in the last column, by multiplying the Probability of Occurrence by the Mitigation Cost. Sum the Planned Contingency Cost for all risks anticipated in the fiscal year at the bottom of each table.

    Contingency Budget for FY ______

    Risk Probability of Planned

    Number Risk Name Occurrence Mitigation Cost Contingency Cost

Total

    6

F. Contingency (Risk) Budget continued

    Contingency Budget for FY ______

    Risk Probability of Planned Number Risk Name Occurrence Mitigation Cost Contingency Cost

    Total

    7

F. Contingency (Risk) Budget continued

    Contingency Budget for FY ______

    Risk Probability of Planned Number Risk Name Occurrence Mitigation Cost Contingency Cost

    Total

    8

F. Contingency (Risk) Budget continued

    Contingency Budget for FY ______

    Risk Probability of Planned Number Risk Name Occurrence Mitigation Cost Contingency Cost

    Total

    9

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