Reference no: EM132118284

1. Develop a Risk Management Plan template that can be used for any type of project with the following characteristics:

A. The template must be in Microsoft Word.

B. The template must include the following sections with a brief sentence or two of instructions for each section:

I. Project Information - similar to ‘General Information' in table 4.2 of risk textbook.

II. Methodology

III. Roles and Responsibilities

IV. Risk Management Budgeting

V. Risk Management Timing - similar to ‘Risk Management Scheduling and Timing' in table 4.2 of risk textbook.

VI. Risk Categories - examples include: technology, data, people, purchasing, etc...). You may come up with your own categories.

VII. Risk Probability/Likelihood and Impact Matrix

VIII. Project Stakeholder Tolerances

IX. Risk Reporting Formats

X. Monitoring and Controlling Risks

Note: Your template should not contain any project-specific information. You are not filling out or completing the template for a project, you are just creating a template that can be used later by project managers who need to create a risk management plan.