Risk Management Plan

The Risk Management Plan Document

The risk management plan identifies the risks that can be defined at this stage of the project life cycle, evaluates them, and outlines mitigation actions. The risk management plan should be periodically updated and expanded throughout the life cycle of your project, as the project increases in complexity and risks become more defined.

This plan should briefly describe the history of the project and the environment in which the project will operate. (This information may be included through reference to other project documents.) Include the following information:

Identification of other systems with which the subject system interfaces
Contractor support for development and maintenance
System architecture, operating system and application languages
Development methodology and tools used for the project

Scope Statement

The scope statement is a very important part of the RM plan. It is an agreement among the project team, the project sponsor and key stakeholders. It represents a common understanding of the project for the purpose of facilitating communication among the stakeholders and for setting authorities and limits for the project manager and team. Purposes of the scope statement includes relating the project to business objectives, and defining the boundaries of the project in several dimensions including approach, deliverables, milestones, and budget.