Develop a project risk management plan

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Reference no: EM132355609 , Length: word count:1500

Project Risk Management Assignment -

Overview - For this Performance Task Assessment, you will develop a project risk management plan based on a case study that simulates an authentic business environment. Your plan will include the key components of risk management at the project level.

Case Study - The Pepsi Refresh Project: A Thirst for Change.

Project Risk Management: Prepare a project risk management plan using standard project management tools and techniques.

Sub-Competency 1: Assess project risk management planning methods.

Learning Objective 1.1: Describe the purpose of a risk management plan.

Learning Objective 1.2: Describe the components of a risk management plan.

Sub-Competency 2: Formulate an approach for conducting project risk management.

Learning Objective 2.1: Describe the steps in a project risk management process.

Learning Objective 2.2: Explain how risk management will be approached for the project.

Sub-Competency 3: Apply risk management tools and techniques to identify project risks.

Learning Objective 3.1: Describe the method that will be used to identify project risks.

Learning Objective 3.2: Describe the types and sources of project risk.

Learning Objective 3.3: Document identified project risks in a risk register.

Sub-Competency 4: Perform quantitative and qualitative risk analysis.

Learning Objective 4.1: Explain how risk measurement scales will be developed using qualitative methods.

Learning Objective 4.2: Explain how risks will be prioritized based on the defined measurement scales.

Learning Objective 4.3: Explain how risks will be prioritized based on the EMV method.

Learning Objective 4.4: Document risk measurement information in a project risk register.

Sub-Competency: Develop risk responses that are appropriate given the probability and level of impact of the risk.

Learning Objective 5.1: Summarize the approach for developing risk response strategies.

Learning Objective 5.2: Describe the process that will be used to determine risk triggers.

Attachment:- Project Risk Management Assignment Files.rar

Reference no: EM132355609

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Reviews

len2355609

8/10/2019 2:31:15 AM

1500 Words approx. Please be NOTED: I don't want your team to do any engagement in the portal, the given access is ONLY for VIEWING. I will take care of all quizzes by myself. Expert can login to the competency and view the course to complete the assignment by default to EXCEED EXCEPTIONS for all my Assignment. Please ensure that citation is mentioned properly and for all the work. Also, strictly follow the Walden APA file. Review the details of your assessment including the rubric. You will have the ability to submit the assessment once you earn a score of 80% or better on all of the related sub-competency quizzes and engage with your Faculty Subject Matter Expert (SME) in a substantive way about the competency.

len2355609

8/10/2019 2:31:07 AM

This Assessment requires submission of one (1) file: Risk Strategy. Save your file as PM007_firstinitial_lastname (for example, PM007_J_Smith). When you are ready to upload your completed Assessment, use the Assessment tab on the top navigation menu. Before submitting your Assessment, carefully review the rubric. This is the same rubric the assessor will use to evaluate your submission and it provides detailed criteria describing how to achieve or master the Competency. Many students find that understanding the requirements of the Assessment and the rubric criteria help them direct their focus and use their time most productively. To begin this Assessment, read the case study and scenario. Create a risk management plan based on the case study and scenario using the “Risk Management Plan Template” document provided.

len2355609

8/10/2019 2:30:59 AM

Assessment Rubric - Student provides a detailed description of the purpose of a project risk management plan. There are one or two minor details missing. Relevant resources are provided to support the response. Student provides a detailed description of four or fewer steps in the project risk management process that will be used to identify, analyze, and respond to risks for a case study project. Student provides a detailed explanation of the risk management approach for a case study project. Student provides a detailed explanation of how risk measurement scales will be developed for a case study project. There are one or two minor details missing. Relevant resources are provided to support the response.

len2355609

8/10/2019 2:30:48 AM

Student provides a detailed explanation of how risks will be prioritized based on qualitative measurement scales for a case study project. Student provides a detailed explanation of how risks will be prioritized based on EMV for a case study project. Grammar, spelling, and mechanics reflect a high level of accuracy in standard American English and enhance readability. Writing is consistently well-organized. Introductions, transitions, and conclusions are used effectively to enhance clarity, cohesion, and flow. APA conventions for attribution of sources, structure, formatting, etc., are applied correctly and consistently throughout the paper. Sources are consistently cited appropriately and accurately. Response clearly and comprehensively assesses the reasonableness of assumptions in a given argument. Response provides a detailed and compelling analysis of implications of fallacies and logical weaknesses in a given argument.

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