Develop+the+plan

=15.0 Development the Plantoc= The risk management plan incorporates the goals, strategy and methods for performing risk management on a project. The plan helps with the efficiency of managing risk cost. The plan must include everyone and be reviewed by the project leaders. Involving everyone in the developing the plans, helps build a sense of ownership. The plan should be documented in a way that anyone could understand it; you don’t want people to have a hard time reading your plan that would introduce misunderstanding. This section covers the topic of developing the risk management plan and will detail what is needed to build a successful risk management plan.

15.1 Outline the Risk Management Plan
Building an outline for your risk management plan gives people an overview of the risk management topics inside the project management plan. Below is the table with an example of an outline for a risk management plan:
 * **Section 1.0 Goals**- explains the need for risk management requirements; this section explains what the goals of risk management, stating the importance for it in the project. The topics covered are purpose, objectives, scope
 * **Section 2.0 Strategy**- deals with the ideas and the guiding principles of risk management, and also how risk management should be organized by assigning roles. This section covers the topic of policy, approach, project roles.
 * **Section 3.0 Process**- is a tailored version of the standard risk management process. It covers the topics of identifying risk, analyzing risk, plan risk, track risk, resolve risk. For information on those you can check out this link :http://swenggrowth.wikispaces.com/Abner-SSE674-Project+I
 * **Section 4.0 Verification**- This section is about practice compliance. It covers the top of review criteria, audit procedure, audit report. These topics are needed to make sure that everyone is compliant, or what is needed to check if people are being compliant.
 * **Section 5.0 Mechanism**- is the way the team will implement the risk management process. It includes the topic of Risk Checklist, Risk Management Form, and Risk Database Structure. These topics are needed to cover so that the team would know what to do when they need to deal with a risk, which includes documenting them on the risk checklist, filling out the risk management form, and then adding it to the risk database.


 * 1.0 || GOALS ||
 * 1.1 || Purpose ||
 * 1.2 || Objectives ||
 * 1.3 || Scope ||
 * 2.0 || STRATEGY ||
 * 2.1 || Policy ||
 * 2.2 || Approach ||
 * 2.3 || Project Roles ||
 * 3.0 || PROCESS ||
 * 3.1 || Identify Risk ||
 * 3.2 || Analyze Risk ||
 * 3.3 || Plan Risk ||
 * 3.4 || Track Risk ||
 * 3.5 || Resolve Risk ||
 * 4.0 || VERIFICATION ||
 * 4.1 || Review Criteria ||
 * 4.2 || Audit Procedure ||
 * 4.3 || Audit Report ||
 * 5.0 || MECHANISM ||
 * 5.1 || Risk Checklist ||
 * 5.2 || Risk Management Form ||
 * 5.3 || Risk Database Structure ||

15.2 Define the Risk Management Goals
A goal is something that you want to achieve, something that measures success from failure. Risk management goals are that exactly, they provide the direction and focus needed for the project team. Risk management goals should describes what the team is planning achieve by following the risk management rules. Having a goal is a way to motivate a team, having something to reach for and reaching it builds team confidence. The risk management goals should have objectives. The objectives will help to achieve the goals that they are associated with. I like to meet my goals when I am on a project, when the team achieve all their goals, it helps bond the team for the next project and also proves that the risk management process works.

15.3 Define the Risk Management Strategy
After building the plan, you need a way to implement the plan to ensure its success. Risk management strategy is needed to show the project team how to implement the risk management plan. The approach is the way that people will manage risk. Every project might be under the same risk management plan, but the way that it is approached might be different. There are 4 different risk management approaches: All the approaches uses project role to assign responsibility to each member of the project team. Every member of the team should have their role name, responsibilities and who they have to deal with such as the contractors, or engineers.
 * 1) Proactive risk management - is finding and attacking the risk at an early stage. Using a proactive risk management plan should have details on the approach for assessing and controlling risk. The proactive risk management approach is a more aggressive way to deal with risk management. The idea is that if you can find risk early in the process then assess it, and then control it so you won’t have to deal with it later.
 * 2) Integrated risk management- is building a culture of risk awareness by incorporating it into routine work activities. One way to integrate risk management is to build a database so that when a new person joins the software team, they will have access to previous findings and issues. Due to the dynamic characteristic of risk, the integrated risk management is a way to be up to date on risk management.
 * 3) System risk management- Is having a system of checks and balance to manage risk. Risk Checklist, risk management forms are used for verification and improvement. System risk management is systematically approaching risk.
 * 4) Disciplined risk management- is growing in capability through knowledge and experience. This approach contains six disciplines: Envision Plan, Work, Measure, Improve, and Discover. This plan is learning through fire, by going through it and gaining experience going from novice to expert. The more you do something, the easier it gets, is the philosophy of this approach. This approach also uses a root cause analysis.

15.4 Define the Risk Management Process
The risk management plan should have a reference to the risk management process. The risk management process is where you’ll find all the information you need to manage risk. The activities and mechanism of managing risk are found in the risk management process. You can also add a tailored risk management process in the risk managing plan, if that’s what needed for your project.

15.5 Define Risk Management Verification
Making sure you are in compliance is what risk management verification is about. You can have a risk management plan that is just paper weight if no one is following it. You have to do review to understand the activities, agents, and artifacts of the risk management plan. After doing the review, an audit is needed to make sure that everyone is in compliance with the risk management plan. You can do an external to get an outside view, or do internal audits.

15.6 Define Risk Management Mechanism
The risk management mechanism is what you did to get all the inputs into outputs. The risk management process is what makes the risk management plan works, if all the information from risk management are scattered or not being recorded at all, we would be bound to repeat the same mistakes. One of the risk management mechanism tools is the risk checklist. A risk checklist is used to identify risk and point out the area of concern. Another risk management mechanism tool is the risk management form. The risk management form is used to record all the information from the risk, it’s another way to indentify and record risk. After recording the risk in the risk management form, you then can enter in the risk database. The risk database structure is another risk management mechanism tool that is used to organize risk information, by building a risk database that makes it easy for people to enter new risk or search for old risk.