The Risk Management Plan provides the following four critical inputs to Risk Identification:
- Assignment of roles and responsibilities - identifying the who of risk management by assigning the handling of specific tasks and roles to specific individuals.
- Budget provisions for risk-management activities - The approved funds available for risk-management activities. You will need to track your actual costs against these approved budget numbers.
- Schedule for risk management - The revised schedule including the time needed for risk-management activities over the duration of the project's life cycle.
- Categories of risk - The risk categories are used during Risk Identification to organize and prioritize risks as they are identified. Alternatively, the Risk Breakdown Structure (RBS) may be the source of risk categories.