Home > Articles

The Risk Management Plan (RMP)

In this sample chapter from Risk Management Professional (PMI-RMP)® Cert Guide, you will learn the structure and elements of a risk management plan, as well as the project manager's (or risk manager's) roles in developing the RMP.

This chapter is from the book

This chapter covers the following topics:

  • The Three R’s: RAM, RACI, and RBS

  • Risk Responsibility and Accountability

  • Risk Communication Documentation

  • Risk Education and Training

As any project begins, the risk management plan (RMP) should begin at the same time. The RMP is one of the first documents that a project or risk manager generates, and it covers a wealth of information about how the project should be managed from a risk perspective. A common misunderstanding about the RMP is that the document lists all the project risks. It does not. It should not list any of them, except for reference purposes. Its role in the process is to affirm how risk will be managed and what the risk norms of the enterprise are.

As discussed in Chapter 4, “Strategic Risk,” the RMP echoes organizational risk strategy and is approved by the project sponsor. It documents enterprise and stakeholder tolerances, as well as their associated thresholds (and in some cases, triggers). The RMP serves primarily from the macro view of the project, although some micro issues might also be addressed. For example, the structure of risk statements and how risks will be tracked and reported will be incorporated in the RMP (whereas the actual, individual risk statements will not).

In many organizations, there is a standard template for their RMPs, often owned by the project management office (PMO). Although each RMP will be unique to the project, the layout of that document should be consistent with other RMPs for other projects. Informational elements that need to be included reflect organizational culture and strategy. If the organization is sufficiently risk-mature, there could be an enterprise risk management office, which would ultimately own the risk management plan template.

This chapter examines the structure and elements of a risk management plan. It also addresses the project manager’s (or risk manager’s) roles in developing the document.

During the life of the project, some of these considerations may evolve. It is incumbent on the effective risk manager to document and communicate any such evolution to the relevant stakeholders.

This chapter addresses the following objectives from the PMI-RMP® Exam Content Outline:


Task #

Exam Objective

Risk Strategy and Planning

Task 5

Document the Risk Management Plan

“Do I Know This Already?” Quiz

The “Do I Know This Already?” quiz allows you to assess whether you should read this entire chapter thoroughly or jump to the “Exam Preparation Tasks” section. If you are in doubt about your answers to these questions or your own assessment of your knowledge of the topics, read the entire chapter. Table 5-1 lists the major headings in this chapter and their corresponding “Do I Know This Already?” quiz questions. You can find the answers in Appendix A, “Answers to the ‘Do I Know This Already?’ Quizzes and Review Questions.”

Table 5-1 “Do I Know This Already?” Section-to-Question Mapping

Foundation Topics Section


The Three R’s: RAM, RACI, and RBS

1, 2

Risk Responsibility and Accountability

1, 2

Risk Communication Documentation

3, 4, 5

Risk Education and Training

6, 7

1. Stakeholders play a significant role in all steps of the risk process, whether they are employees of the organization or not. How will your risk management plan ensure that engagement happens?

  1. Assign specific roles to specific individuals to make sure they understand their participation and their deliverables.

  2. Assign specific risks to specific individuals to make sure they understand their participation and their deliverables.

  3. Spell out the risk processes that involve both inside and outside parties and encourage them to select processes germane to their roles.

  4. Spell out the risks that involve both inside and outside parties and encourage them to select processes germane to their roles.

  5. Create a RACI chart for the internal personnel and a RAM for all stakeholders, and distribute them widely.

2. What’s wrong with the RACI chart displayed in the table that follows?






Data Capture






Chris, Janine




Lexicon Maintenance

Chris, Carl

Laura, Carl



RMP Review and Update





  1. Chris cannot be responsible for more than one process.

  2. Accountability can be assigned to only one person per process.

  3. Carl cannot be both responsible and accountable for the same process.

  4. Laura cannot be accountable for more than one process.

  5. Miko cannot have both consulting and informing roles.

3. The risk management plan integrates with the rest of the project plans. How?

  1. The risk management plan leverages information from the other management plans to create a master list of process areas and their risks.

  2. As multiple stakeholders are involved in developing the RMP, natural integration occurs through their experiences with different aspects of the project.

  3. The risk management plan is one of a number of management plans that combine to form the project management plan.

  4. All the other plans draw on the risk management plan to inform their processes.

  5. The risk management plan is overarching and thus integrates naturally with the other management plans.

4. You always conduct a SWOT analysis to better understand your project environment from a risk perspective. This process will manifest itself in the risk management plan. How?

  1. The details of the strengths, weaknesses of the project and the opportunities and threats of the organization will be spelled out in the RMP.

  2. The strengths, weaknesses, opportunities, and threats of the project will be spelled out in the RMP.

  3. The strengths, weaknesses, opportunities, and threats of the organization will be spelled out in the RMP.

  4. The format for the SWOT and the appropriate application thereof will be spelled out in the RMP.

  5. The strengths and weaknesses of the organization and the opportunities and threats of the project will be spelled out in the RMP.

5. Several paragraphs in your risk management plan explain the risk sources that will be used for your risk breakdown structure. These are sources that are used consistently across the enterprise to build out RBSs. As you evaluate them, you come to the realization that _____.

  1. This is an important inclusion because the RMP is about the structure of risk processes and how they’re done.

  2. This is an important inclusion because the RMP needs to incorporate detail on risk sources.

  3. This is an important inclusion because the RMP needs to incorporate them to fill out the RBS.

  4. This is wrong because the RMP needs to be project specific, rather than reflecting the rest of the enterprise.

  5. This is wrong because the RMP needs to address specific risks.

6. For your project, who’s responsible for ensuring that proper risk management training is conducted for the proper stakeholders?

  1. The project/risk manager is responsible and accountable on all projects.

  2. The project management office (PMO) is responsible and accountable across projects.

  3. The project management office (PMO) with guidance from the project/risk manager is responsible for ensuring that proper risk management training is conducted for the proper stakeholders.

  4. The project/risk manager, with guidance from the project management office (PMO), is responsible for ensuring that proper risk management training is conducted for the proper stakeholders.

  5. Human Resources.

7. When it comes to the risk management plan (RMP), you wonder whether some of the descriptions of tolerances and triggers might upset some team members. You fear that the lexicon incorporated in the document might become a point of contention, thanks to the ambiguity of some of the terms. Your best solution to this problem would be to do which of the following?

  1. Rewrite the lexicon in plain language.

  2. Have the team rewrite the lexicon in plain language.

  3. Leave the lexicon consistent with the rest of the organization and know that the stakeholders will figure it out over time.

  4. Rewrite the lexicon in plain language, knowing that the stakeholders will then be able to figure it out.

  5. Leave the lexicon consistent with the rest of the organization and host training sessions that incorporate the terms generously.

Foundation Topics

Pearson IT Certification Promotional Mailings & Special Offers

I would like to receive exclusive offers and hear about products from Pearson IT Certification and its family of brands. I can unsubscribe at any time.


Pearson Education, Inc., 221 River Street, Hoboken, New Jersey 07030, (Pearson) presents this site to provide information about Pearson IT Certification products and services that can be purchased through this site.

This privacy notice provides an overview of our commitment to privacy and describes how we collect, protect, use and share personal information collected through this site. Please note that other Pearson websites and online products and services have their own separate privacy policies.

Collection and Use of Information

To conduct business and deliver products and services, Pearson collects and uses personal information in several ways in connection with this site, including:

Questions and Inquiries

For inquiries and questions, we collect the inquiry or question, together with name, contact details (email address, phone number and mailing address) and any other additional information voluntarily submitted to us through a Contact Us form or an email. We use this information to address the inquiry and respond to the question.

Online Store

For orders and purchases placed through our online store on this site, we collect order details, name, institution name and address (if applicable), email address, phone number, shipping and billing addresses, credit/debit card information, shipping options and any instructions. We use this information to complete transactions, fulfill orders, communicate with individuals placing orders or visiting the online store, and for related purposes.


Pearson may offer opportunities to provide feedback or participate in surveys, including surveys evaluating Pearson products, services or sites. Participation is voluntary. Pearson collects information requested in the survey questions and uses the information to evaluate, support, maintain and improve products, services or sites; develop new products and services; conduct educational research; and for other purposes specified in the survey.

Contests and Drawings

Occasionally, we may sponsor a contest or drawing. Participation is optional. Pearson collects name, contact information and other information specified on the entry form for the contest or drawing to conduct the contest or drawing. Pearson may collect additional personal information from the winners of a contest or drawing in order to award the prize and for tax reporting purposes, as required by law.


If you have elected to receive email newsletters or promotional mailings and special offers but want to unsubscribe, simply email information@informit.com.

Service Announcements

On rare occasions it is necessary to send out a strictly service related announcement. For instance, if our service is temporarily suspended for maintenance we might send users an email. Generally, users may not opt-out of these communications, though they can deactivate their account information. However, these communications are not promotional in nature.

Customer Service

We communicate with users on a regular basis to provide requested services and in regard to issues relating to their account we reply via email or phone in accordance with the users' wishes when a user submits their information through our Contact Us form.

Other Collection and Use of Information

Application and System Logs

Pearson automatically collects log data to help ensure the delivery, availability and security of this site. Log data may include technical information about how a user or visitor connected to this site, such as browser type, type of computer/device, operating system, internet service provider and IP address. We use this information for support purposes and to monitor the health of the site, identify problems, improve service, detect unauthorized access and fraudulent activity, prevent and respond to security incidents and appropriately scale computing resources.

Web Analytics

Pearson may use third party web trend analytical services, including Google Analytics, to collect visitor information, such as IP addresses, browser types, referring pages, pages visited and time spent on a particular site. While these analytical services collect and report information on an anonymous basis, they may use cookies to gather web trend information. The information gathered may enable Pearson (but not the third party web trend services) to link information with application and system log data. Pearson uses this information for system administration and to identify problems, improve service, detect unauthorized access and fraudulent activity, prevent and respond to security incidents, appropriately scale computing resources and otherwise support and deliver this site and its services.

Cookies and Related Technologies

This site uses cookies and similar technologies to personalize content, measure traffic patterns, control security, track use and access of information on this site, and provide interest-based messages and advertising. Users can manage and block the use of cookies through their browser. Disabling or blocking certain cookies may limit the functionality of this site.

Do Not Track

This site currently does not respond to Do Not Track signals.


Pearson uses appropriate physical, administrative and technical security measures to protect personal information from unauthorized access, use and disclosure.


This site is not directed to children under the age of 13.


Pearson may send or direct marketing communications to users, provided that

  • Pearson will not use personal information collected or processed as a K-12 school service provider for the purpose of directed or targeted advertising.
  • Such marketing is consistent with applicable law and Pearson's legal obligations.
  • Pearson will not knowingly direct or send marketing communications to an individual who has expressed a preference not to receive marketing.
  • Where required by applicable law, express or implied consent to marketing exists and has not been withdrawn.

Pearson may provide personal information to a third party service provider on a restricted basis to provide marketing solely on behalf of Pearson or an affiliate or customer for whom Pearson is a service provider. Marketing preferences may be changed at any time.

Correcting/Updating Personal Information

If a user's personally identifiable information changes (such as your postal address or email address), we provide a way to correct or update that user's personal data provided to us. This can be done on the Account page. If a user no longer desires our service and desires to delete his or her account, please contact us at customer-service@informit.com and we will process the deletion of a user's account.


Users can always make an informed choice as to whether they should proceed with certain services offered by Adobe Press. If you choose to remove yourself from our mailing list(s) simply visit the following page and uncheck any communication you no longer want to receive: www.pearsonitcertification.com/u.aspx.

Sale of Personal Information

Pearson does not rent or sell personal information in exchange for any payment of money.

While Pearson does not sell personal information, as defined in Nevada law, Nevada residents may email a request for no sale of their personal information to NevadaDesignatedRequest@pearson.com.

Supplemental Privacy Statement for California Residents

California residents should read our Supplemental privacy statement for California residents in conjunction with this Privacy Notice. The Supplemental privacy statement for California residents explains Pearson's commitment to comply with California law and applies to personal information of California residents collected in connection with this site and the Services.

Sharing and Disclosure

Pearson may disclose personal information, as follows:

  • As required by law.
  • With the consent of the individual (or their parent, if the individual is a minor)
  • In response to a subpoena, court order or legal process, to the extent permitted or required by law
  • To protect the security and safety of individuals, data, assets and systems, consistent with applicable law
  • In connection the sale, joint venture or other transfer of some or all of its company or assets, subject to the provisions of this Privacy Notice
  • To investigate or address actual or suspected fraud or other illegal activities
  • To exercise its legal rights, including enforcement of the Terms of Use for this site or another contract
  • To affiliated Pearson companies and other companies and organizations who perform work for Pearson and are obligated to protect the privacy of personal information consistent with this Privacy Notice
  • To a school, organization, company or government agency, where Pearson collects or processes the personal information in a school setting or on behalf of such organization, company or government agency.


This web site contains links to other sites. Please be aware that we are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of each and every web site that collects Personal Information. This privacy statement applies solely to information collected by this web site.

Requests and Contact

Please contact us about this Privacy Notice or if you have any requests or questions relating to the privacy of your personal information.

Changes to this Privacy Notice

We may revise this Privacy Notice through an updated posting. We will identify the effective date of the revision in the posting. Often, updates are made to provide greater clarity or to comply with changes in regulatory requirements. If the updates involve material changes to the collection, protection, use or disclosure of Personal Information, Pearson will provide notice of the change through a conspicuous notice on this site or other appropriate way. Continued use of the site after the effective date of a posted revision evidences acceptance. Please contact us if you have questions or concerns about the Privacy Notice or any objection to any revisions.

Last Update: November 17, 2020