Option #$2$: Risk Management Planning Process

The Project Management Institute $($PMBOK$$ Guide $(2021))$ embraces a process$-$based approach to project management grouped under five PMBOK process groups:

Initiating Process Group: Processes required to launch a new project or a new project phase

Planning Process Group: Processes related to defining and planning the extent of the project, as well as planning how it will be executed

Executing Process Group: Processes related to the completion of project activities and tasks

Monitoring & Controlling Process Group: Processes covering everything related to tracking, monitoring, reporting on$,$ and controlling project performance and progress

Closing Process Group: Processes required to finalize and complete a project or project phase

For your final Portfolio Project, you will submit a paper detailing the entire Risk Management planning process.