Description

The project manager implements the risk management process outlined in the Risk Management Plan. The project manager monitors the risk plans to ensure the plans are being executed successfully. New risks are assessed on a regular basis and incorporated into the plan.

Rationale/Purpose

Following the process described in the risk management plan helps assure satisfactory project results by detecting the occurrence of factors than can cause risks to be realized and by responding according to plan.

Who is involved

Project Manager
Project Team
Project Sponsor
Customer
Project Stakeholders

Result

Risk Management Plan is applied
Risk log
Revisions to the Risk Register