The purpose of risk management is to ensure levels of risk and uncertainty are properly managed, so any potential threat to the delivery of outputs (level of resourcing, time, cost and quality) and the realisation of outcomes/benefits by the Business Owner(s) is appropriately managed to ensure the project is completed successfully.

Section 6 – Risk Management of the Tasmanian Government Project Management Guidelines (V6.0 - March 2005) includes a definition of risk, identifies the main elements of risk management, the roles and responsibilities for successful risk management and documentation requirements.

See resources for risk management:

• Developing a Risk Management Plan Fact Sheet defines risk, the purpose of a Risk Management Plan and a Risk Register, as well as why, when and how they are developed.
• Risk Management Frequently Asked Questions.
• Risk Management Plan Template provides a template in Word format for download and information on how to use the template.
• Risk Register Template provides a template in Word format for download and information on how to use the template.
• Risk Identification Tool for larger/complex projects provides some useful prompts for risk identification and confirmation after the initial risk identification process has been undertaken.
• Project Status Report Template provides a template in Word format for download and information on how to use the template (includes section to report progress on risk management to the Steering Committee).
• Other Project Management Training Opportunities.
• Subscribe to the Project Management Mailing List.

See agency Knowledge Base examples of Risk Management documents:

• Tasmanian Government Web Publishing Framework Project: Risk Management Plan
• Leading Edge Technology Youth Advisory Services (LETYAS) Project: Project Business Plan Appendix 4: LETYAS Risk Management Plan 

Information and advice on risk management is available by emailing pminfo@dpac.tas.gov.au