Risk Management Planning
This article presents a nice overview of risk planning and mitigation implementation common for most organizations and projects. In the case of BI projects, the risk planning process can be similar, but the pitfalls are unique to BI. They are most likely to be related to technology and data.
Risk Management Process
Managing risks on projects is a process that includes risk assessment and a mitigation strategy for those risks. Risk assessment includes both the identification of potential risk and the evaluation of the potential impact of the risk. A risk mitigation plan is designed to eliminate or minimize the impact of the risk events - occurrences that have a negative impact on the project. Identifying risk is both a creative and a disciplined process. The creative process includes brainstorming sessions where the team is asked to create a list of everything that could go wrong. All ideas are welcome at this stage with the evaluation of the ideas coming later.