Project Risk Management

The
assignments are a series of papers that are based on the same case,
which is located in the Student Center of the course shell. The
assignments are dependent upon one another.

In
this assignment, you will create a risk management plan. You have a
budget of $100,000 and a timeline of six (6) months for the plan. Please
refer to Figure A-1, Risk Management Plan Template, from Appendix A of
the Hillson and Simon text to create the plan.

Write an eight to ten (8-10) page Risk Management Plan Component paper in which you:

1. Prepare
   the Scope and Objectives of the Risk Management Process section of the
   Risk Management Plan based on the facts presented in the case study.
2. Determine
   the project size, based on the facts presented in the case study, and
   provide justification based on Figure 3-4, Example Project Sizing Tool
   (Chapter 3 of the Hillson and Simon text).
3. Select
   the risk tools and techniques, and complete the Risk Tools and
   Techniques section of the Risk Management Plan for both the qualitative
   and quantitative aspects of the project. Provide a rationale for the
   selection.
4. Develop the Risk Reviews and Reporting section of the Risk Management Plan based on the project size previously determined.
5. Define the Probability and Impacts section of the Risk Management Plan and justify the values assigned.
6. Define the Risk Thresholds section of the Risk Management Plan and justify the values assigned.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
• Include
  a cover page containing the title of the assignment, the student’s
  name, the professor’s name, the course title, and the date. The cover
  page and the reference page are not included in the required assignment
  page length.

The specific course learning outcomes associated with this assignment are:

• Apply
  the concepts of risk management in a project context to develop an
  appropriate risk management plan as a key element of the project
  management process.
• Survey
  the project sponsor, stakeholders, team membership and key decision
  influencers to develop a qualitative assessment of the project risks and
  apply the results to further refine the project risk management plan.
• Create
  a schedule of project risk reviews appropriate to the organization and
  risk including major, minor, and post-project threats and opportunities,
  including archiving the results of the project risk plan is
  incorporated into this schedule.
• Use technology and information resources to research issues in project risk management
• Write clearly and concisely about project risk management using proper writing mechanics.