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11 - PROJECT RISK MANAGEMENT
Most of the material in Section 11 of the PMBOK Guide is directly applicable to managing risk for predictive life
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cycle software projects; therefore, this section of the Software Extension focuses primarily on risk management for
adaptive life cycle software projects.
Figure 11-1 provides an overview of Software Project Risk Management.
11.1 Plan Risk Management
The inputs, tools and techniques, and outputs for planning risk management in Section 11.1 of the PMBOK Guide
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are applicable to planning risk management for software projects with the following additions and clarifications.
11.1.1 Plan Risk Management: Inputs
The inputs for planning risk management in Section 11.1.1 of the PMBOK Guide are applicable inputs for
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planning software project risk management.
11.1.1.1 Project Management Plan
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See Section 11.1.1.1 of the PMBOK Guide.
11.1.1.2 Project Charter
See Section 11.1.1.2 of the PMBOK Guide.
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11.1.1.3 Stakeholder Register
See Section 11.1.1.3 of the PMBOK Guide.
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11.1.1.4 Enterprise Environmental Factors
See Section 11.1.1.4 of the PMBOK Guide.
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11.1.1.5 Organizational Process Assets
See Section 11.1.1.5 of the PMBOK Guide.
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The following considerations are also applicable. Software risk planning occurs repeatedly, beginning with
an initial formal or informal risk-benefit analysis and a decision to initiate or not initiate the project. For large,
formal software projects, projects in regulated environments, and projects involving safety-critical software, a
documented risk management plan is essential. Most projects have less formal risk management procedures or
follow an overall enterprise risk management plan. While all team members should be responsible for identifying
192 ©2013 Project Management Institute. Software Extension to the PMBOK Guide Fifth Edition
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