Develop a complete risk management plan

Assignment Help Risk Management

Reference no: EM133202646 , Length: Word count: 2 Pages

Assignment Option #1: Executive Summary of a Risk Management Plan

The Project Management Institute (Project Management Institute, 2017) defines the Risk Management Plan as containing some or all of the following elements:

Risk strategy
Methodology
Roles and responsibilities
Funding
Timing
Risk categories

This is outlined in both guide to the project management body of knowledge and the Practice standard for project risk management.

Instructions:

For the Portfolio Project, you will develop a complete Risk Management Plan and Risk Register for a project.

Select a project within your industry, or within an industry in which you would choose to work as a project manager. Submit an executive summary of your selection (high-level project charter) for a grade. You will also begin to outline a Risk Management Plan for this project and add to it.

Your executive summary should meet the following requirements:

Be 1-2 pages in length, not including the cover and references pages.

Reference:

Project Management, I. (2017). A guide to the project management body of knowledge: (PMBOK® guide) (6th ed.). Newtown Square, PA, USA: Project Management Institute.

Assignment Option #2: Outline of Risk Management Planning Process

The Project Management Institute (Project Management Institute, 2017) defines the Risk Management Plan as containing some or all of the following elements:

Risk strategy
Methodology
Roles and responsibilities
Funding
Timing
Risk categories

For your final Portfolio Project, you will write a paper detailing the entire Risk Management Planning process. You will include discussion and analysis of terms learned throughout this course. Your paper should describe each phase of the process; how it is planned; and any inputs, tools and techniques, and outputs that can be applied. Your Portfolio Project should demonstrate your critical thinking abilities, your knowledge of risk management systems, and your ability to apply risk management practices and tools.

Your outline should meet the following requirements:

Be 1-2 pages in length, not including the cover and references pages.

Reference:

Project Management, I. (2017). A guide to the project management body of knowledge: (PMBOK® guide) (6th ed.). Newtown Square, PA, USA: Project Management Institute.

Reference no: EM133202646

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