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RISK MITIGATION, MONITORING, AND MANAGEMENT (RMMM) PLAN
The RMMM Plan maybe developed in the form of a document. Alternatively, an organization may create a set of Risk Information Sheets (RIS) [often in electronic form] that contain all pertinent information outlined below. IMPORTANT note: Like most software engineering documents, the RMMM Plan evolves over time.
1.0 Introduction
This section provides an overview of the RMMM Plan.
1.1 Scope and intent of RMMM activities
A description of the overall RMMM focus including objectives, organizational responsibilities.
1.2 Risk management organizational role
Description of who has responsibility for risk management.
2.0 Project risks
This section describes all known project risks.
2.1 Risk table
A presentation of all risks, probabilities and impact.
2.1.1 Description of risk m
Risk m is described along with relevant subconditions. Section2.1.1 is repeated for each of m risks.
2.1.2 Probability and impact for risk m
Probability and impact for risk m is described Section 2.1.2 is repeated for each of m risks.
2.2 Risk refinement
High probability/high impact risks are refined using the CTC approach.
3.0 Risk mitigation, monitoring, and management
This section discusses RMMM for each risk.
3.1 Risk mitigation for risk m
How do we avoid risk m? Section 3.1 is repeated for each of m risks.
3.2 Risk monitoring for risk m
What conditions do we monitor to determine whether risk m is becoming more or less likely? Section3.2 is repeated for each of m risks.
3.3 Risk management for risk m
What contingency plans should we put into plan under the assumption that risk m will occur? Section 3.3 is repeated for each of m risks.
4.0 Special conditions
A discussion of special conditions that may trigger project critical risks and the actions required should these conditions occur.
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