Develop a risk management plan for this project

Reference no: EM132211885

Part 1 -

A. Conduct research and find at least 2 examples of how a risk in a project has impacted the project and the overall organization.

1. Provide a short description of the project and the risk associated with the project.

2. Address and provide support for the reason why the risk either did or did not impact the organization.

3. Discuss if it is possible for a risk to impact just the project and to not harm the organization.

4. Ensure you insert the links to your 2 examples for your classmates to view. (500 words)

B. Choose 2 risk identification techniques that you will employ in this week's IP.

Provide a detailed analysis of the techniques, and explain why you chose them. (500 words).

Part 2 -

A. The project is a Caribbean Festival to be held in Charlotte, NC. The event will showcase talent, art and crafts from different Caribbean Nationals to be held in Fifth Park Charlotte.

Develop a Risk Management Plan for this project. The first sections of the Key Assignment (KA) are as follows:

Introduction
Project Description
Project Objectives
External Dependencies
Stakeholder Analysis
Project Tasks
Include a table for your selected project with at least 30 tasks.
Provide your overall planned format for the Risk Management Plan.

(1100 words)

B. Identify at least 20 risks (at least 2 positive) associated with this project. Discuss the technique used to identify the risk along with who was included in the process.

Construct a table or chart to present your qualitative and quantitative risk analysis of all 20 risks to include their risk ranking.

Provide a detailed analysis of the project sponsor's risk tolerance level to include their corporate strategies. (1100 words).

C. Identify the risk response type for each risk identified in the second section

Provide a detailed description of how you would apply these risk responses, including how these responses fit in strategically with the organization.

Develop a Risk Breakdown Structure. (1100 words).

D. Develop a Risk Responsibility Plan for the risks that you have identified. The plan may include a chart such as a RASI (Responsible, Approver, Support, and Informed).

Provide a detailed description of how you will manage the risk plan and the risk responses.

Update your MS Project file to include the Risk Responsibility Plan.

Develop a contingency budget for the risk responses selected. (1100 words).

Reference no: EM132211885

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