Risk Management Plan


Quick Summary
A high-level plan/outline for ensuring consistent implementation of risk management across an organization, or across a division or group within an organization.


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What this is

A plan or outline for ensuring consistent implementation of risk management across an organization or a division/group within an organization. The risk management plan is a high-level outline of what management should and should not (will and will not) do in terms of managing risks within projects under their purview. The risk management plan is a guidance document that should be used as reference for both managers and new team members responsible for implementing risk.

Both table and outline versions are included.

This template was contributed by Carl Pritchard of Pritchard Management Associates, http://www.carlpritchard.com.


Why it's useful

The purpose of the Risk Management Plan is to provide a consistent perspective on risk across a project and across projects, ensuring that managers apply the principles of sound risk management in the same way from project to project, and to ensure that management at a senior level is not surprised by the outcomes of risk events as the project is implemented.


How to use it

The Risk Management plan should be established by the project manager in cooperation with senior management. Senior management must ensure that their interests are reflected in the processes, timing, and approaches to risk management. Ideally, once this document is established, it should set expectations for the remainder of the project life cycle in terms of what administration is required as well as the elements to that risk administration.



About the Author
Carl Pritchard is the principal and founder of Pritchard Management Associates and a recognized lecturer, author, researcher, and instructor. He is considered a leading authority on risk management, and writes and presents on a variety of topics, ranging from project essentials to the complexities of network diagramming and team motivation. His work as an instructor has taken him around the world, training with some of the leading international training organizations as well as for private clients and the Project Management Institute®. He is also the U.S. Correspondent for the U.K. project management journal Project Manager Today. Carl regularly consults and coaches on project management, presentation skills, risk, distance learning, and course development. He holds a B.A. from the Ohio State University, and is a certified Project Management Professional™ as certified by the Project Management Institute. To learn more about Carl and his work, visit www.carlpritchard.com.

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