Discussion:
New Content
• Project Risks WBS and Budget Updates
o Identify the additional tasks that are associated with planning, monitoring, and controlling risks.
o Put this in a WBS structure so that they can be added to an existing plan.
o Determine a contingency budget to mitigate the risks that are most likely to occur.
o Determine additions to the project plan budget to monitor and control risks.
• Project Risks Communications Plan
• Identify the stakeholders that communications should go to.
• Determine the frequency of communications.
• Construct the types of reports and how they will be delivered.
• Discuss how this might be integrated into the change management process.
• Define who has the final authority for sign-off to extract from the contingency budget to mitigate risks.