Formulate risk management plan

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Reference no: EM132191966

A local construction project’s implementation has been hampered by lengthy delays and a de- motivated project team. This is Alan Sampson’s first project and so far he has regretted its undertaking. On the bright side Alan has a very inspiring and positive project sponsor who is willing to provide additional funds to assist him in improving the project execution with the use of proper project management techniques.

Identify three (3) possible project threats for Alan’s project.

For three (3) of the risks identified above explain the risk response measures that Alan should apply.

Explain the steps to be taken to formulate a Risk Management Plan.

Why is it important to monitor the ongoing performance of a project and list three (3) tools used to monito the performance of a project.

Reference no: EM132191966

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