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Project and Risk Management Life Cycles
By Tom Carlos (PMP)

The Risk Management Life Cycle is comprised of the following:

Risk Planning Life Cycle

  • Preliminary Risk Management Plan is implemented in the Project Initiating Phase
  • Approved Risk Management Plan is implemented in the Project Planning Phase
  • Updating the Risk Management Plan is implemented through the rest of the Project Life Cycle

Risk Identification and Response Planning

  • Done at regular intervals, throughout the entire project life cycle
    • When changes are made to the deliverables, project plan, or the baseline(s)
    • Upon completion of major milestones or schedule check points

Risk Monitoring and Control

  • Done at regular intervals, throughout the entire project life cycle
    • In Reports, Status Meetings, Executive Briefings
    • In Quality Control Reviews

Tom Carlos has over 20 years of cumulative experience in business, technical, and training environments. He is a Certified Project Management Professional (PMP) and member of the Sacramento Valley PMI Chapter. For other articles on similar subjects, you can visit www.carlosconsulting.com or contact him at tom@carlosconsulting.com.

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