Docstoc
EXCLUSIVE OFFER FOR DOCSTOC USERS
Try the all-new QuickBooks Online for FREE.  No credit card required.

Risk Manage

Document Sample
Risk Manage Powered By Docstoc
					                                                                                            RISK MANAGEMENT PLAN
                                                                                                  NAME OF PROJECT




Risk Management Plan
 A separate Risk Management Plan (RMP) is required for all but very small or limited scope projects
 to identify project risks. The RMP shows the elements of risk to a project and is a dynamic
 document. The plan should be reviewed and revised throughout the life of project. High risks,
 otherwise notable risks and changes in risks should be included by copying them into the project
 Status Reports.
 For AMP (IT) projects a Risk Management Plan, in conjunction with the Project Plan, should be
 approved by the steering committee, then sent to the Project Portfolio Office at
 project_portfolio@qut.edu.au for PMF compliance and for DVC (TILS) consideration and approval.
 See the example of a completed Risk Management Plan.
 Guidance boxes like this are displayed in MS Word Print View (not in Normal View). They should be deleted when you have
 finished with the contents: position the cursor on the border, left click when a cross appears and press delete.

1 PROJECT INFORMATION
     Project Number (if applicable):
     Project Name: The project name
     Date: Today’s date
     Project Ownership: Area responsible for the project
     Prepared by: Name and project position
     Project Contacts:
               Name                           Position                         Phone                     Email
Primary
Other
Other



2 VERSION CONTROL/ RISK CHANGE LOG

This table should be maintained as a complete log of changes in risk. The changes should be
reflected in the main risk table as they occur. This log is a cumulative record of the changes in existing
risks and new risks for the life of the project.
Delete this box when you have finished with the contents: position the cursor on the border, left click when a cross appears and
press delete.



     Add new rows to the table as required.
Version
                 Date                   Description, Reasons, Comments Approvals
Number




PMFRISKMANAGEMENTPLANV4.3
B399BDC9-260F-4F13-80DC-1804A08CBE36.DOC                                                                       PAGE 1
CRICOS INSTITUTION CODE 00213J
                                                                                                                                                        RISK MANAGEMENT PLAN
                                                                                                                                                              NAME OF PROJECT




    3 RISK ASSESSMENT AND MANAGEMENT TABLE

     Risk management is already a significant consideration in project management at QUT and is gaining in importance. Refer to the QUT Risk
     Management Framework, as needed. The framework supplies valuable information on dealing with risks and producing a risk management plan. This
     table is IT-oriented, but can be adapted to fit the circumstances of individual projects, including non-IT projects. Review sections 4.1 and 4.2 of the
     QUT Risk Management Framework before continuing.
     IMPORTANT: Retain the 6 category headings in the Risk Management Plan template below, but change, add and delete rows within those categories
     to customise the template to fit the specific project being addressed. The project manager should apply thought to the process, gaining input from
     stakeholders and other sources, for example, from another experienced project manager. Use only the rows that apply to your project and delete rows
     that do not apply, that is, with zero risk for your project. Add new rows with risks not supplied in the template as specifically required.
     The rows for high risks, otherwise notable risks and new or changed risks will be copied into the corresponding Review of Risks table in the Project
     Status Report.
     To delete this guidance box: position the cursor on the border, left click when a cross appears and press delete.


#      A                      B                          C                    D                    E                       F   G                   H
       Risk                   Description of             Adequacy             Likelihood of Consequences of Risk               Risk                Residual       Owner of
       Categories             Risk                       and                  Adverse       Adverse Event   Rating             Treatment           Risk Rating    Risk
                                                         Effectiveness        Event         Occurring
                                                         of Existing          Occurring
                                                         Controls                                            High              Avoid the risk     High
                                                                                             Major          Medium            Share the risk     Medium
                                                                               Probable     Moderate
                                                          Good                                              Low               Accept and         Low
                                                                               Possible     Minor                             reduce the risk
                                                          Satisfactory        Improbable                                      Retain and
                                                          Poor                                                                 monitor the risk

     1. Project Management Risks
       Inadequate
       project
       definition



    PMFRISKMANAGEMENTPLANV4.3
    B399BDC9-260F-4F13-80DC-1804A08CBE36.DOC                                                                      PAGE 2
    CRICOS INSTITUTION CODE 00213J
                                                                                                                                  RISK MANAGEMENT PLAN
                                                                                                                                        NAME OF PROJECT




#      A                   B                   C                D            E                 F         G                   H
       Risk                Description of      Adequacy         Likelihood of Consequences of Risk       Risk                Residual       Owner of
       Categories          Risk                and              Adverse       Adverse Event   Rating     Treatment           Risk Rating    Risk
                                               Effectiveness    Event         Occurring
                                               of Existing      Occurring
                                               Controls                                        High      Avoid the risk     High
                                                                               Major          Medium    Share the risk     Medium
                                                                 Probable     Moderate
                                                Good                                          Low       Accept and         Low
                                                                 Possible     Minor                     reduce the risk
                                                Satisfactory    Improbable                              Retain and
                                                Poor                                                     monitor the risk

       Availability of
       expert
       staff/resources
       Unrealistic time
       frames
       Project plan
       deficient
       Scope creep
       Lack of
       communication
       Others
     2. Security Risks
       Security
       requirements
       met
       Accuracy and
       integrity of data
       and information




    PMFRISKMANAGEMENTPLANV4.3
    B399BDC9-260F-4F13-80DC-1804A08CBE36.DOC                                          PAGE 3
    CRICOS INSTITUTION CODE 00213J
                                                                                                                                  RISK MANAGEMENT PLAN
                                                                                                                                        NAME OF PROJECT




#      A                   B                   C                D            E                 F         G                   H
       Risk                Description of      Adequacy         Likelihood of Consequences of Risk       Risk                Residual       Owner of
       Categories          Risk                and              Adverse       Adverse Event   Rating     Treatment           Risk Rating    Risk
                                               Effectiveness    Event         Occurring
                                               of Existing      Occurring
                                               Controls                                        High      Avoid the risk     High
                                                                               Major          Medium    Share the risk     Medium
                                                                 Probable     Moderate
                                                Good                                          Low       Accept and         Low
                                                                 Possible     Minor                     reduce the risk
                                                Satisfactory    Improbable                              Retain and
                                                Poor                                                     monitor the risk

       Breach of
       privacy
       Others
     3. Resource Risks
       Staff turnover
       Unclear roles
       and
       responsibilities
       Level of project
       team expertise
       Insufficient
       funding
       Others
     4. Client Risks
       Inadequate
       business
       requirements
       Dissatisfaction


    PMFRISKMANAGEMENTPLANV4.3
    B399BDC9-260F-4F13-80DC-1804A08CBE36.DOC                                          PAGE 4
    CRICOS INSTITUTION CODE 00213J
                                                                                                                                  RISK MANAGEMENT PLAN
                                                                                                                                        NAME OF PROJECT




#      A                   B                   C                D            E                 F         G                   H
       Risk                Description of      Adequacy         Likelihood of Consequences of Risk       Risk                Residual       Owner of
       Categories          Risk                and              Adverse       Adverse Event   Rating     Treatment           Risk Rating    Risk
                                               Effectiveness    Event         Occurring
                                               of Existing      Occurring
                                               Controls                                        High      Avoid the risk     High
                                                                               Major          Medium    Share the risk     Medium
                                                                 Probable     Moderate
                                                Good                                          Low       Accept and         Low
                                                                 Possible     Minor                     reduce the risk
                                                Satisfactory    Improbable                              Retain and
                                                Poor                                                     monitor the risk

       with product in
       acceptance
       tests
       Training of
       clients/users
       Resistance to
       change
       Others
     5. Technical Risks
       Procurement
       issues,
       including
       tendering
       Hardware
       inadequate
       Software
       unavailable
       Technical
       problems



    PMFRISKMANAGEMENTPLANV4.3
    B399BDC9-260F-4F13-80DC-1804A08CBE36.DOC                                          PAGE 5
    CRICOS INSTITUTION CODE 00213J
                                                                                                                                  RISK MANAGEMENT PLAN
                                                                                                                                        NAME OF PROJECT




#         A                B                   C                D            E                 F         G                   H
          Risk             Description of      Adequacy         Likelihood of Consequences of Risk       Risk                Residual       Owner of
          Categories       Risk                and              Adverse       Adverse Event   Rating     Treatment           Risk Rating    Risk
                                               Effectiveness    Event         Occurring
                                               of Existing      Occurring
                                               Controls                                        High      Avoid the risk     High
                                                                               Major          Medium    Share the risk     Medium
                                                                 Probable     Moderate
                                                Good                                          Low       Accept and         Low
                                                                 Possible     Minor                     reduce the risk
                                                Satisfactory    Improbable                              Retain and
                                                Poor                                                     monitor the risk

          Others
     6.
          Interdependenc
          ies with other
          systems, etc
          Level of
          ongoing
          support




    PMFRISKMANAGEMENTPLANV4.3
    B399BDC9-260F-4F13-80DC-1804A08CBE36.DOC                                          PAGE 6
    CRICOS INSTITUTION CODE 00213J

				
DOCUMENT INFO
Description: Risk Manage document sample