Risk management and effective communication planning

Assignment Help Risk Management
Reference no: EM13805219

Assignment: Risk Management and Effective Communication Planning

Imagine that you have been asked to participate as a project manager for a website renovation project for a clothing department store. The Website will be mobile-user friendly and will target global customers to expand business overseas. The scope requires your project team to decompose the project into the following phases: design a sample Website, attain consensus on the design from upper management, develop the Website, test the Website functionality, and transition Web services to the new Website. A project of this magnitude carries many risks. For instance, the marketing department has a habit of adding requirements and requesting features toward the end of the project.

System network administrators have expressed their concerns for cyberattacks and other cyberthreats that are prevalent across the industry. The IT Operations team also has provided feedback and is worried about having enough bandwidth for the additional global visitors who will now be accessing the Website.   

For this assignment, you will be expected to develop a risk management plan and assist in coordinating communications amongst the project stakeholders. 

Write a three to five (3-5) page paper in which you:

  1. Develop a risk assessment using the table format below to:
  • Select at least two (2) risks that could take place for each phase of the project which includes:
    • Designing a sample Website
    • Attaining consensus on the design from upper management
    • Developing the Website
    • Testing the Website functionality
    • Transitioning Web services to the new Website
  • Identify a risk owner and his / her role in the project.
  • Describe a strategy for managing each risk.
  • Describe the response to the risk. 
  • Identify the resources that would be required to provide a risk response plan.


List at least three (3) benefits that could be achieved by anticipating possible risks. Use the completed risk management plan to provide an example.

Explain how a properly developed risk management plan could help functional resources and executives, external to the IT Project Management team, to mitigate possible delays or increased costs.

Develop a project communications plan based on the completed risk assessment, which describes the various communications that will be produced throughout the project.

Evaluate the role of communications management within project management.

Describe at least three (3) benefits that a project team could achieve by having properly planned communications. Use the completed project communication plan to provide an example.

Suggest how communications management could optimize communications within the project team and other stakeholders.
Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Reference no: EM13805219

Questions Cloud

Examine the results that were attained by disney : The Information Technology Infrastructure Library (ITIL) is a set of concepts and techniques for managing IT infrastructure, development, and operations. Describe the reasons for Disney's adoption of ITIL. Examine the results that were attained by..
Ethnographic comparison : Ethnographic Comparison
Write an essay about freedom of speech and religion in us : Write an essay about Freedom of speech and religion in the United States.
How do unjust laws justify readers assertion to break law : From the resistance to Civil Government of The riverside reader. How do unjust laws justify his assertion to break the law?
Risk management and effective communication planning : Assignment: Risk Management and Effective Communication Planning, Imagine that you have been asked to participate as a project manager for a website renovation project for a clothing department store
Which ted talk have you liked the most and why : Which Ted talk have you liked the most and why? How did it "speak" to you and in what ways did it change or enhance your view?
Analyze and identify the fundamentals of pki : Analyze and identify the fundamentals of PKI in writing and depict graphically using MS Visio or its open source alternative software. Note: The graphically depicted solution is not included in the required page length
Training requirements in the hazard communication : Compare and contrast the training requirements in the Hazard Communication Standard (HAZCOM) (1910.1200) and the Lead Standard (1910.1025). If an employee is exposed to lead above the action level, would the training specified in the HAZCOM standa..
The significance of the slope coefficient. : Evaluating and reporting the value of the correlation coefficient (r); report on the statistical significance of the parameter and provide a scatterplot.

Reviews

Write a Review

Risk Management Questions & Answers

  A project report on mutual funds

This project report speaks of the core and future aspects of Mutual Funds and the present challenges to cope with.

  Evalaute the theoretical option price

Evalaute the theoretical option price

  Risk and return

Investing in the stock market and Risk-free investment and inflation

  Evaluate the gross profit

Evaluate the gross profit

  Discuss concepts of risk and management

Risk lies at all levels of business activity. There are many different kinds of risks within an management as well as ways to manage risks.

  Determine the average risk premium

Here are stock market & Treasury bill percentage (%) returns between 2006 and 2010: Determine the average risk premium

  Hypothetical healthcare organization ratios

Discuss and explain why one should apply caution when using financial ratios for analyzing a healthcare management's current financial position and future viability.

  Discuss role of risk assessment

The financial information has been dominated currently by stories of financial institutions that have mis-measured risk as part of subprime mortgage crisis.

  Calculate maturity risk premium

The real risk-free rate is 3 percent, & inflation is expected to be 3 percent for the next two years. A 2-year Treasury security yields 6.3 percent.

  Selcting best option for portfolio

Suppose you are planning investing in two stocks to form a portfolio. Assume you do not like risk. Which one of given stock combinations will you select for your portfolio?

  Result of systematic or unsystematic risk

It has been a little over one year since the collapse of Lehman Brothers which was the first major event in the downturn of our stock market & economy.

  Determine risk management

Determine risk management? Discuss the importance of risk management in an organization? How does risk management mitigation create value for an organization?

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