Reference no: EM133450346

The project team is responsible for delivering the International Drug System (IDS).  This document describes the system to be developed from the perspective of three groups of users:  patients, doctors, and pharmacists.  It is up to the project team to understand if there are other stakeholders in this project.

The project involves building a website for an online drug store to be referred to as the International Drug System (IDS). IDS is a web-based online drug store for registered patients, doctors, and pharmacists around the world.  IDS will allow doctors to submit prescriptions, patients to order drugs to fill prescriptions, track the status of placed orders, and offers basic ordering process security. The system also supports internal use by pharmacists who receive customer inquiries over the phone for quotes, orders, and order status information and who maintain the product and customer database.

QUESTIONS:

Risk Management Plan Headings below.  Note, the use of tables is recommended for some of these sections.

1. Introduction
2. Methodology - Define the approaches, tools and data sources that will be used to perform risk management on the project.  You should have various subheadings here, an example is Risk Identification Methodology, but there are many others.
3. Roles and Responsibilities - Define the lead, support and risk management team members for each type of activity in the risk management plan and clarify their responsibilities.
4. Budgeting - What is the budget for Risk Management and what is the protocol to derive contingency and management reserves for the project budget?
5. Timing - Which risk management processes are to be used when,  and how often will they be performed? 
6. Risk categories - Identify the means for grouping both risk threats and risk opportunities.
7. Stakeholder tolerances - For the Qualitative Risk Analysis:  What risks scores or impact and probability ratings will cause the threat or opportunity to move forward in the process.  For the Quantitative Risk Analysis: What Expected Monetary Value of both cost and time will cause threats or opportunities to move forward again in the process?  
8. Definitions of risk probability and impact, both qualitative and quantitative.
9. Probability and impact matrix scoring scheme - this is the graphical scheme on how you're going to score both qualitative risks.  Your scheme not to be identical to schemes published in the PMBOK.  The actual scoring to be done in one of your worksheets in your Risk Register xls.
10. Reporting formats / Tracking - How will the outcomes of the risk management process be documented, analyzed, communicated and audited? Who is responsible for what?