The individuals involved in Planning Risk Management include:
Risk management process is structured and performed for the process. Risk management efforts is not limited to creating a standardized checklist basis the experience gained from past projects. Risk management efforts should be based on the size, complexity and the skill levels of the project and project members.
Plan Risk Management process involves planning the total time to be spent on risk management based on the needs of the project. It involves identifying the resources and the process of performing risk management. Organizational process assets are used effectively by the project manager to plan risk management.
OUTPUTS OF RISK MANAGEMENT PLAN
The risk management plan may include:
Roles and responsibilities: Individuals involved in performing risk managements are identified
Budgeting: Cost of risk management process is determined
Timing: The time when risk management process should start is determined
Definitions of probabilities and impacts
Probability and impact matrix
Reporting, recording and auditing