Artifact: Risk Management Plan

	The Risk Management Plan details how to manage the risks associated with a project. It details the risk management tasks that will be carried out, assigned responsibilities, and any additional resources required for the risk management activity. On a smaller scale project, this plan may be embedded within the Software Development Plan.
Other Relationships:	Part Of Software Development Plan
Role:	Project Manager
Optionality/Occurrence:	Optional.
Templates and Reports:	Template: Risk Management Plan
Examples:
UML Representation:	Not applicable.
More Information:

Purpose Timing Responsibility Tailoring

Input to Activities:  Compile Software Development Plan Define Monitoring & Control Processes Develop Quality Assurance Plan Identify and Assess Risks Monitor Project Status

Output from Activities:  Develop Risk Management Plan

Purpose

The purpose of the Risk Management Plan is to ensure that project risks are properly identified, analyzed, documented, mitigated, monitored, and controlled. It describes the approach that will be used to identify, analyze, prioritize, monitor, and mitigate risks.

The Risk Management Plan should be updated when risks or mitigation strategies change.

Timing

This artifact is developed during the Inception phase. Scheduled updates occur based on the results of each Iteration Acceptance Review and Lifecycle Milestone Review. Updates should also occur when changes to risks or mitigation strategies are identified through risk monitoring and control activities.

Responsibility

The Project Manager is responsible for maintaining the Risk Management Plan and keeping the project's Risk List updated.

Tailoring

The Risk List may be sufficient by itself for smaller projects: for large or otherwise high-risk projects where significant resources will be dedicated to risk aversion, a separate Risk Plan may be needed. Enclosed artifacts: Risk List

Rational Unified Process