Working with Risk Response Plans
Projects > Risks > Project Risks > Managing Project Risks > Risk Response Plans > About Risk Response Plans
The Response Plans detail window is the area in the risk register where you create plans for handling the identified risks. Once you have identified which project risks need further action, create a response plan and assign response plan action items for each risk to reduce the negative impact on the project.
Table of Risk Response Plan Elements
Item | Description |
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Response Plan rows: Create one or more response plans while you are in the planning phase and indicate the response type. When you have analyzed your response options, choose one response plan by selecting the Active option next to the appropriate response plan. In the example above, two response plans have been created for the Concrete supply constrained risk. The first plan is to accept the risk and take no action; the second plan is to reduce the impact of the risk by contracting with alternative suppliers. The second plan has been selected as the plan of choice. | |
Response Action Item rows: Each risk response plan can have multiple response plan action items. Response action items are additional activities you perform to reduce the impact of the risk. For each response action item, assign the probability, schedule impact, cost impact, and any additional user-defined impacts, which are based on the outcome of the action item, to obtain a post-mitigated score. In the example above, three activities are assigned to the risk plan. The risk score will not significantly decrease until all three response items are complete. By taking action on this risk and creating a response plan, the impact of this risk can be significantly reduced. |
Related Topics
Developing a Risk Response Plan
Adding Risk Response Plan Action Items
Assigning Activities to Risk Response Plan Action Items
Response Plans Detail Window of the Risks Page
Last Published Thursday, June 20, 2024