Define total contingency duration as forecast

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Reference no: EM132163752

Assignment - Post your Team Progress Report with your final risk adjusted project plan.

Post your Team Progress Report with your final risk adjusted project plan in the designated Session discussion forum.

For the Risk Adjusted Plan, you would do the following:

1. Create an Excel for Risk Register:

1.1 Include Project Risks. For each risk identified, include Mitigation, Start/Finish dates, Contingency Durations, and Contingency Cost for each.

2. Run Simulation to show your 90% confidence for Total contingency duration and Total contingency cost estimation.

2.1 First, you will run simulation for 90% confidence of your contingency duration.

2.1.1 You can use BetaPert distribution for your input assumptions.

2.1.2 Define your individual risk durations as assumptions.

2.1.3 Define total contingency duration as Forecast.

2.1.4 Run simulation and show 90% confidence.

2.2 Repeat step 2.1 for contingency cost and show 90% confidence.

3. Submit Excel with simulation data and charts for step 2.1 and 2.2.

4. Enter the risk mitigation tasks (with cost/resources) in MSP; make sure to highlight the new tasks, so they are easily identified.

5. Submit the Risk Register, revised MSP, Simulation Excel sheet(s) and Status Report.

Attachment:- Assignment Files.rar

Reference no: EM132163752

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