Risk Plans – summary of risk management

• Every project has risk. Some are high risk,
  
  
• Approaches to identify, measure and manage risk vary depending on the criticality of the project,
  
  
• Risk policy must be integral with project planning,
  
  
• During project implementation, risk must be monitored on the same frequency that schedule and cost variances are monitored,
  
  
• Risk Management, like Project Management Methodology, is a smart thing to do. In many industries and client contracts, it is also REQUIRED.