Software Project Management Risk Planning and Management ..a few add-ons Vaibhav Kukreja PRN: 047Risk Management Its not important to eliminate risks — they can also be tamed or mitigated — You just need to find a trade-off between the cost of eliminating a risk and the financial benefit of doing so (yes, our favorite term, cost-benefit analysis) Risk responses are not a part of the Risk management Plan — they are stored, tracked and verified (hopefully not needed) via the Risk Register As and when risks are identified and countered, Project Plan has to be updated as well Force majeure, i.e., natural disasters do not require Project Management — they need immediate attention at the organization level