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11 - PROJECT RISK MANAGEMENT

11.1 Plan risk Management

Plan Risk Management is the process of defining how to conduct risk management activities for a project. The
key benefit of this process is it ensures that the degree, type, and visibility of risk management are commensurate
with both the risks and the importance of the project to the organization. The risk management plan is vital to
communicate with and obtain agreement and support from all stakeholders to ensure the risk management process
is supported and performed effectively over the project life cycle. The inputs, tools and techniques, and outputs of
this process are depicted in Figure 11-2. Figure 11-3 depicts the data flow diagram of the process.

Inputs Tools & Techniques Outputs
.1 Project management plan .1 Analytical techniques .1 Risk management plan
.2 Project charter .2 Expert judgment
.3 Stakeholder register .3 Meetings
.4 Enterprise environmental
factors
.5 Organizational process
assets

Figure 11-2. Plan risk Management: Inputs, tools & techniques, and outputs 11

Project Risk Management
4.1 • Project charter
Develop Project
Charter 11.1
Plan Risk
Management
4.2 • Enterprise
Develop Project environmental
factors
Management • Risk
Plan • Project • Organizational management
management process assets plan
plan
11.4
11.2
Perform
13.1 Identify Quantitative
Identify Risks Risk Analysis
Stakeholders • Stakeholder
register
11.3
Perform 11.5
Qualitative Plan Risk
Enterprise/ Risk Analysis Responses
Organization

Figure 11-3. Plan risk Management data Flow diagram

©2013 Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Fifth Edition 313
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