... define how risk management will be
structured and performed for the project.
Plan before you act. ...determining at a
high level the amount and areas of
potential risk on the project, as risk
management efforts should be
appropriate to the size and complexity of
the project, as well as the experience and
skill level of the project team.
....answer the question of how much
time should be spend on risk
management based on the needs of
the project. it also answers questions
such as who will be involved and how
the team will go about performing risk
management.