How your project supports your company strategic plan

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Reference no: EM133315907

Question 1-[Describe how your project supports your company's strategic plan and why the project is important. Is this project like other projects the company has completed in the past or is this project out of the ordinary and, therefore, riskier? How complex is the project? What parts of the project are most tricky? How much experience does the team have in managing risks?].

Question 2-Describe the methods of how you will identify, evaluate, respond to, and monitor risk.

Question 3-Who will perform which risk management activities? List roles such as project manager, risk owner, project team, and stakeholders along with their responsibilities.]

Question 4-Define how often you will perform risk management activities. Standard practice is to review risks weekly during your project meetings. If you have an agile project, consider discussing risks for a few minutes in your daily stand-up meetings.

Question 5-Define the risk categories. Standard categories include schedule, scope, quality, and budget.

Question 6-Determine which measures you will use as probability and impact.]

Question 7-Define the scales that you plan to use for probability and impact such as a scale of 1 to 5 or 1 to 10 and what each number represents, which minimizes bias in the risk ratings.].

Reference no: EM133315907

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