ABSTRACT
At this point, the project has a defined and approved scope, schedule, budget, and quality; the project manager now focuses on creating an environment for project success. There is always a possibility that things might go wrong and get in the way of meeting the project scope, schedule, budget, and quality goals. Often, there are opportunities to exceed these project goals. The project manager works with his team to identify all the threats to the project and all the opportunities to exceed the project goals. He neutralizes the most significant threats to the project and encourages opportunities. For the most significant threats and opportunities, he spends time as part of the planning process to proactively decide what he will do if these risks occur at a future point in time; these are “Risk Response Plans.”
