Risk Management Plan
For this Assignment, you will identify risks for the provided Pepsi Refresh Project case study.
Consider the parameters of the case study. Assume you have been named the risk manager for this project.
In the provided Risk Management Plan Template, address the following:
- Describe the process you will use to identify risks. Who will you include? When will you conduct these activities? How will you document the results?
- Describe the types of risks you will define, such as operational, technical, regulatory, etc.
- Describe the source of project risks that you plan to use, such as weather, vendor, staffing, technology, etc.
- Identify 8–10 project risks for the Pepsi Refresh Project case study.
- Document project risks in the risk register in Columns A–F.
Be sure that your risk is written in “risk event – impact” format: “Storm blows off shingles allowing water to leak in and ruin my home’s interior.” In that one sentence, any reader can understand the risk event (“storm blows off shingles”) and the risk impact if it does occur (“allowing water to leak in and ruin my home’s interior”).
References:
Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Sixth edition. Newtown Square, PA: Author.
Part 1: A Guide to the Project Management Body of Knowledge (PMBOK® Guide)
- Chapter 11, “Project Risk Management”
- Section 11.2, “Identity Risks” (pp. 409–418)
This section of Chapter 11 explains the process for identifying and documenting project risks. It also includes the specific inputs, tools and techniques, and outputs that should be generated from the risk identification process.
Please follow the Rubric also:
Element 1: Risk Identification
Provide a thorough and detailed description of the process that will be used to identify risk for a case study project. Make sure to include all relevant resources provided to support response.
Element 2: Types of Risks
Provide a thorough and detailed description of the types of risks that will be identified for a case study project. Make sure to include all relevant resources provided to support response.
Element 3: Sources of Risk
Provide a thorough and detailed description of the types of risks that will be identified for a case study project. Make sure to include all relevant resources provided to support response.
Element 4: Risk Register
Provide a thorough and detailed identification of risks documented in a risk register for a case study project. Make sure to include all relevant resources provided to support response.
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