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Project Portal
| ### Next Steps Determine Risk Management Strategy |
| Define Risk Parameters ( 3 : RSKM : 1 : 1.2 ) Project Manager
Activity: Define Risk Parameters
Project Manager
|  |  |  | Planning |  |
|  | Participating Roles Responsible: Project Manager Accountable: Project Manager
### Overview Define risk parameters. MSF for CMMI® has defined a generic risk work item with parameters. You may choose to use this. Alternatively, define parameters for each category of risk identified in the previous step. Modify the existing risk work item type definition to include these additional parameters. # Entry Criteria Risk Categories and Sources A list of risk categories and their sources in the project. Project Process Template The MSF project process definition template including work item type definitions. # Sub-Activities
1 | Decide Whether to Customize or Not | Decide whether or not the supplied risk work item type definition is good enough. Supplied default risk parameters are: description of risk, severity of impact on project commitments if it occurs, probability of occurrence, affected area, mitigation plan, mitigation triggers, mitigation estimate, contingency plan, contingency trigger, and contingency plan estimate.
2 | Determine Risk Parameters | Optional If you wish to customize the risk work item, for each category of risk identified, define the parameters which are appropriate to measure the risk, mitigation, and contingency plans. Modify the existing work item type definition.
# Exit Criteria
| If required, an updated process template with a new risk work item definition.
© 2005 Microsoft Corporation. All rights reserved. MSF for CMMI Process Improvement: 1.00.0000.00 |