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What is the purpose of a risk response plan

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Reference no: EM132789177 , Length: Word count:- 1400

The project will introduce a one-stop-shop for production tracking of orders and material. The current methods include using spreadsheet software to collect and track data around the production process. The current methodology adds waste to the process in the form of lost time to run reports and track orders. It also includes a level of risk to the business due to the inherent inaccuracies involved in managing large amounts of shared information in a spreadsheet. For example, not everyone's spreadsheets will have the same information once data is changed

Write a 1,050- to 1,400-word paper in which you address each of the following items:

Question 1: What is the purpose of a risk response plan?

Question 2: What is a risk owner?

Question 3: Who should be appointed to own risk on a project?

Question 4: What is a risk owner's role in the risk response plan?

Question 5: How should a project manager assess and deal with risk?

Question 6: List and describe the most common areas of the project where risks can originate.

Question 7: List and discuss at least two types of risk for each area.

Question 8: In the project you discussed in Wk 1, what were the risks, and how were they handled? Should they have been handled differently?

Reference no: EM132789177

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