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Working with 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.

Risk Response Plans detail window

Table of Risk Response Plan Elements

Item

Description

item one

Response Plans toolbar: See Response Plans Toolbar.

item  two

Response Plan row: 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. You can see this second plan was selected as the plan of choice.

item  three

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 is 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, we can see that the impact of this risk can be significantly reduced.

Related Topics

Developing a Risk Response Plan

Adding Risk Response Plans

Adding Risk Response Plan Action Items

Assigning Activities to Risk Response Plan Action Items

Response Plans Detail Window of the Risks Page


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