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Risk-management plan for review with sponsor

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Reference no: EM132782962

You are preparing the project risk-management plan for review with the sponsor and your manager. You have identified the risks, assessed the probabilities and impacts, and created your responses. You now need to present the comprehensive plan and gain the buy-in from the sponsor on the risk-management plan.

Create risk responses (reduce probability, reduce impact, and respond) for each of the 15 risks you identified and assessed in the prior unit.

Group Project Guidelines:

Go to the Small Group Discussion Board and evaluate each other's responses and compile the results.

Create a comprehensive risk-management plan. The risk-management plan should include:

A description of the overall approach

A risk matrix using a qualitative ranking approach

Action plans for the high priority/high probability risks

Be sure to address the following questions

Are all possible risks identified?

Are there redundant or overlapping risks?

Is the level of detail consistent?

Are the causes of the risks clearly defined?

Are the assessments consistent? Is a clear ranking strategy used?

Are the response strategies appropriate?

Are secondary risks considered?

Reference no: EM132782962

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