Should Have
60-90 days
Risk Management Plan
Identifying, assessing, and planning for potential risks that could impact the product launch and ongoing operations. This involves developing strategies to mitigate, manage, and monitor these risks.
IMPLEMENTATION
Identify potential risks across all areas (technical, operational, financial, market, legal, etc.).
Assess the likelihood and impact of each risk.
Prioritize risks based on their potential impact on the project.
Develop mitigation strategies and contingency plans for high-priority risks.
Assign risk owners responsible for monitoring and managing each risk.
Document the risk management plan and communicate it to all stakeholders.
Regularly review and update the risk management plan as the project progresses and new risks emerge.
TIPS
Involve cross-functional teams in the risk identification process to capture a comprehensive view.
Use risk assessment tools and frameworks to standardize the evaluation process.
Encourage open communication about potential risks and issues.
Monitor key metrics and indicators that can signal emerging risks.
Ensure that the risk management plan is a living document that evolves with the project.
WHY IMPORTANT
Important for proactively addressing potential issues that could derail the project and ensuring a smooth launch.
R
Product Management, Project Management
A
Product Management
C
Executive Team, Engineering, Operations, Legal, Finance
I
Stakeholders, Company