A risk and opportunities management plan is a document used by project managers to identify potential risks to the project, estimate the impact and the probability of them happening, and then define responses. A few risks$/$opportunities to think about are below.

$$ Technical. This includes risks based on requirements, the technology being used, interfaces, performance, and quality.

$$ Schedule Management. This includes any risks that come up from planning, scheduling, estimating or communication.

$$ Organizational. This includes any project dependencies, logistics$,$ resources, budget, etc...

$$ External risks. These are risks that come from your customers, users, contractors, or even the market itself

This week we will develop a risk management plan.

In general, a risk management plan seeks to answer:

What is this project, and why does it matter?

Why is risk management important for the project$$s success?

What will the team do to identify, log$,$ assess, and monitor risks throughout the project?

What categories of risk will we manage?

What methodology will be used to evaluate risk severity?

What is expected of the people who own the risks?

How much risk is too much risk?

What are the risks, and what are we going to do about them?