Risk management plan & input of budget, schedule processes?

Submitted by Antoine D on Fri, 10/05/2012 - 00:06

The risk management plan provides information related to the cost and timing of risk activities.

I would expect to see it as an input of some cost and time processes, but this is not the case, why?

 

See below some extracts of the PMBOK related to this topic:

"

TT: Planning meetings and analysis: Risk cost element and schedule activities will be developed for inclusion in the project budget and schedule respectively. 

"

Risk management plan:

  1. Budgeting (assign Resources and estimated Cost for inclusion in cost baseline)
  2. Timing (When and how often; includes risk activities in project schedule)

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admin

Fri, 10/05/2012 - 01:12

 Risk management plan is expected to be part of overall PM Plan , hence its not shown as separate line item. Same applies for other plans too.

Antoine D

Fri, 10/05/2012 - 01:35

But the PM plan is not an input of the cost and time processes.