RISK MANAGEMENT PLAN TEMPLATE

COMPANY NAME

Project Name

R I S K M A N A G E M E N T P L A N

00/00/0000

v. 0.0.0

PREPARED BY	DATE
REVIEWED BY	DATE
APPROVED BY	DATE

Table of Contents

PROJECT OWNERSHIP	3

PLAN VERSION	3

RISK MANGEMENT PROCESS	3

RESOURCE REQUIREMENTS	3

TOOLS	3

DATA	3

TEAM	3

ROLES & RESPONSIBILITIES	3

FINANCIAL IMPACT	3

ESTIMATED FUNDS REQUIRED & BUDGETARY IMPACT	3

TIMELINE IMPACT	3

RISK MONITORING	3

REVIEWS OF RISKS & ISSUES – Check for issues that may have escalated	3

MONITORING	3

REPORTING	3

RISK CATEGORIES	3

RISK ASSESSMENT MATRIX	3

MITIGATION GRADING MATRIX	3

STAKEHOLDER TOLERANCES	3

ATTACHMENTS	3

PROJECT OWNERSHIP

PROJECT NAME
PROJECT OVERVIEW
PROJECT MANAGER NAME
CONTACT INFO	PHONE
EMAIL
MAILING ADDRESS

PLAN VERSION

VERSION	DATE	AUTHOR
REASON
SECTIONS IMPACTED
SECTION TITLE	AMENDMENT
DISTRIBUTION
DELIVERY METHOD	ISSUE DATE	ISSUED TO

RISK MANGEMENT PROCESS

Define process / approach.

RESOURCE REQUIREMENTS

TOOLS

DATA

TEAM

ROLES & RESPONSIBILITIES

For each risk management plan activity, name parties responsible and define responsibilities.

FINANCIAL IMPACT

ESTIMATED FUNDS REQUIRED & BUDGETARY IMPACT

ESTIMATE	ADDITIONAL COMMENTS
INITIAL FEES	$
RECURRING FEES	$
ASSUMPTIONS	$
PRICING METHODOLOGY
BUDGET IMPACT

TIMELINE IMPACT

Describe any impact to plan schedule. List any start / end dates effected.

RISK MONITORING

REVIEWS OF RISKS & ISSUES – Check for issues that may have escalated.

REVIEW FREQUENCY
PARTIES RESPONSIBLE FOR REVIEWING

MONITORING

REVIEW FREQUENCY
PARTIES RESPONSIBLE FOR REVIEWING

REPORTING

REVIEW FREQUENCY
PARTIES RESPONSIBLE FOR REVIEWING

RISK CATEGORIES

Define grouping methodology / organization process of potential causes.

RISK ASSESSMENT MATRIX

RISK RATING KEY	LOW	MEDIUM	HIGH	EXTREME
0 ACCEPTABLE	1 ALARP as low as reasonably practicable	2 GENERALLY UNACCEPTABLE	3 INTOLERABLE
OK TO PROCEED	TAKE MITIGATION EFFORTS	SEEK SUPPORT	PLACE EVENT ON HOLD
S E V E R I T Y
ACCEPTABLE	TOLERABLE	UNDESIRABLE	INTOLERABLE
LITTLE TO NO EFFECT ON EVENT	EFFECTS ARE FELT, BUT NOT CRITICAL TO OUTCOME	SERIOUS IMPACT TO COURSE OF ACTION AND OUTCOME	COULD RESULT IN DISASTER
L I K E L I H O O D	IMPROBABLE	LOW	MEDIUM	MEDIUM	HIGH
RISK IS UNLIKELY TO OCCUR	– 1 –	– 4 –	– 6 –	– 10 –
POSSIBLE	LOW	MEDIUM	HIGH	EXTREME
RISK WILL LIKELY OCCUR	– 2 –	– 5 –	– 8 –	– 11 –
PROBABLE	MEDIUM	HIGH	HIGH	EXTREME
RISK WILL OCCUR	– 3 –	– 7 –	– 9 –	– 12 –

MITIGATION GRADING MATRIX

RISK MATRIX
SECTIONS IMPACTED
LOW	MEDIUM	HIGH	EXTREME
LIKELIHOOD	LOW	N	D	C	A
MEDIUM	D	C	B	A
HIGH	C	B	A	A
RISK MITIGATION BASED UPON GRADE
GRADE	POSSIBLE ACTION
A	As a priority, mitigation actions reducing both likelihood and seriousness are to be identified and implemented at start of project.
B	Mitigation actions reducing both likelihood and seriousness are to be identified and implemented throughout course of project.
C	Mitigation actions reducing both likelihood and seriousness are to be identified and costed for possible action should funds permit execution.
D	Risk to be noted: No action is required unless grading increases over time.
N	Risk to be noted: No action is required unless grading increases over time.

STAKEHOLDER TOLERANCES

Define time and limitations of cost contingency reserves.

ATTACHMENTS

FILE / DOCUMENT NAME	FORMAT	DESCRIPTION