Risk Planning Documentation

Each risk plan should be documented, but the level of detail will vary with the unique attributes of each project. Large projects or projects with high levels of uncertainty will benefit from detailed and formal risk management plans that record all aspects of risk identification, risk assessment, risk analysis, risk planning, risk allocation, and risk information systems, documentation, and reports. Projects that are smaller or contain minimal uncertainties may require only the documentation of a red flag item list that can be updated at critical milestones throughout the project development and construction.