Risk Management Plan Template Page 6

F. Contingency (Risk) Budget

Calculate the Contingency Budget for each fiscal year based on the Probability of Occurrence (from Section C) and the Total Cost for mitigation (from Section E)

for each risk. Use one table for each fiscal year and list all risks anticipated for that fiscal year (see Section C). Calculate the Planned Contingency Cost for

each risk in the last column, by multiplying the Probability of Occurrence by the Mitigation Cost. Sum the Planned Contingency Cost for all risks anticipated in

the fiscal year at the bottom of each table.

Contingency Budget for FY ______

Risk

Probability of

Planned

Number

Risk Name

Occurrence

Mitigation Cost

Contingency Cost

Total