Option #1: Risk Management Plan and Risk Register
The Project Management Institute (Project Management Institute, 2017) defines the Risk Management planning process as including:
1. Plan Risk Management2. Identify Risks3. Perform Qualitative Risk Analysis4. Perform Quantitative Risk Analysis5. Plan Risk Responses6. Implement Risk Responses7. Monitor Risks
This is outlined in both A guide to the project management body of knowledge and the Practice standard for project risk management.
For your final Portfolio Project, you will develop a complete Risk Management Plan and Risk Register for a project.
In Module 3, you selected your industry and submitted an executive summary of your selection (high-level project charter).
In Module 6, you developed a fully exhausted risk register of the risks on your project.
Your final Risk Management Plan should fully encompass the components listed above and include the risk register.
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