How to create a risk management plan

Assignment Help Operation Management
Reference no: EM13861870

Using the same project (project charter) students will produce a baseline risk management plan for their project. The risk analysis will identify and classify risks to the completion of the project. Based on the analysis, the student will develop controls, monitoring and processes to manage the identified risks.

The student will prepare and submit a risk management strategy and plan. As a part of the plan they should provide convincing arguments for management to accept any changes to the project to account for the risks assessed. Students can use a risk management template, and include findings in their PowerPoint to upper Management.

Please use the PMBOK and outside credible resources.

Book which goes into details about how to create a risk management plan, Book- A GUIDE TO THE PROJECT MANAGEMENT BODY OF KNOWLWDGWE (PMBOK GUIDE), Fourth Edition.

Attachment:- Project Charter.rar

Reference no: EM13861870

Questions Cloud

Consequence of size of the bhp program for epss decisions : How did the experience with experimental programs affect the nature and pace of innovation at EPS and what was the consequence of the size of the BHP program for EPS's decisions
Discuss the issues regarding this controversy : Do restaurants have the responsibility to offer its customers healthy menu items and reasonable portion sizes? Discuss the issues regarding this controversy - which comes first, profitability or good nutrition, for a restaurant company
Modify the matlab code : understand the 2-D solution of the Laplace's equation in Examples 6.5 and 6.6 in your text book. Then modify the MATLAB code provided at the end of the example, and use it to draw the equipotential lines as well as the flux lines on two different ..
Describe an implementation strategy for content area : Describe an implementation strategy for each content area
How to create a risk management plan : Using the same project (project charter) students will produce a baseline risk management plan for their project. The risk analysis will identify and classify risks to the completion of the project. Based on the analysis, the student will develop ..
Network component from the marketplace : Identify one network component from the marketplace that could be implemented in the LAN of a midsized business. Describe the component's purpose and functionality, a viable source of supply, available support from the manufacturer of from other t..
Describe the structure and departments within the agency : Describe the structure and departments within the agency and the manner in which the departments interact
Populate a pricing table that includes basic training : Design and populate a Pricing table that includes basic training rate information. Designate the "Technical" field type as "Yes/No"and prepare a query that lists the participants who are only confirmed.
Calculate number of shares outstanding after stock dividends : Calculate the number of shares outstanding after the stock dividends are issued. What is the maximum amount that the corporation could use for cash dividends on that date?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd