Reference no: EM132119246

Assignment

Part1 : Final Project: Risk Management Plan

W. Edwards Deming, a historical statistician well known for improving production methods at many mid-20th-century corporations, said the following: "If you can't describe what you are doing as a process, you don't know what you're doing."

Many endeavors are composed of smaller component steps, each of which must be understood and enacted in order to achieve a satisfactory result.

Risk management plans, too, depend upon defined processes and steps in order to function effectively.

For this Assignment, you will begin your Final Project using the following resources to develop the process you will use as you construct a risk management plan:

• The Pepsi RefreshProject: A Thirst for Change

• Pepsi Refresh Project Risk Management Scenario

• Risk Management Plan Template

Using the Pepsi Refresh case study as the context for this Assignment, and using the Risk Management Plan Template as your guide, write a 3- to 4-page paper in which you address the following:

• Describe the purpose of the project risk management plan.

• Explain how risk management will be approached for the Pepsi Refresh Project.

• Describe the steps in the project risk management process and specify the methods that will be used to identify, analyze, and control project risks.

Part2  : 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").