mitigation, contingency, and transition plans

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4 Terms

1
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contingency plan

outlines how to respond in case the risk occurs

should include: the trigger that signals that the risk has occured, immdeiate response processes, timed or phased responses, communication details

2
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risk report

shares pertinent information about the project’s risk management process and shared throughout the project’s remaining duration

3
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risk breakdown structure (RBS)

classifies the nature of risks by category

4
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transition plan

outlines how the project team will transfer ownership of the product to permanent owners at the end of the project

should include transition schedule, roles and responsibilities, maintenance schedule, training, activities, tools and techniques, product documentation, asset turnover plan, impact analysis