Assignment: Risk Management Plan
Length: 750-1,500 words
Details
Part I
For this assignment, you will develop a risk management plan based on a project of your choosing.
Some examples of projects include the following:
Replacing computers in an office building
Improving a claims process
Developing a marketing strategy
Building a bridge
Taking inventory in a warehouse
Creating a new software program for a bank
You can get ideas for projects based on your experiences. For example, if you have a marketing background, the development of a marketing strategy may be a good choice. If you have experience in software, the development of software for a company could be an option.
You can also view sample projects from one of the following Web sites:
Rutgers Business School
CIO
Note: You will use this project for the duration of this course.
Download a Word template for your project, or use the following shell to create your risk management plan:
Risk Management Strategy and Plan Document Shell
Use Microsoft Word
Title Page
Course number and name
Project name
Student name
Date
Table of Contents
Use autogenerated TOC
Separate page
Maximum of 3 levels deep
Be sure to update the fields of the TOC so it is up-to-date before each submission.
Section Headings (create each heading on a new page with TBD as content except for the sections you are working on each week)
Project Outline
Risk Management Justification
Project Risk Identification
Project Risk Analyses
Project Risk Response Strategy
Project Risk Monitoring
Project Risk Communications Plan
Part II
Create the document shell using the given template or the criteria above. The section headings should be centered and should each begin at the top of a new page.
Page 1 - Title Page
Page 2 - Table of Contents
Page 3 - Project Outline
Page 4 - Project Risk Identification
Page 5 - Project Risk Analyses
Page 6 - Project Risk Response Strategy
Page 7 - Project Risk Monitoring
Page 8 - Project Risk Communications Plan
Page 9 - References
You will complete the Project Outline section. This is the overview of your project to include the project deliverable. You must include the following in this section:
Describe your project and the project deliverable
Identify the method for your project: agile or waterfall. Discuss why you chose this method. You will need to explain that again for your Sponsor in a memo in Unit 5.
Discuss the overall risk management strategy for your project
Describe the high levels of risk categories you believe risk events may occur in, such as technological, vendor, customer, employees, government, weather, and so on.
Complete the Project Risk Identification section.
List at least 5 risks for your project. These risks can be in categories such as weather, finances, resources, government oversight, unions, technology, and other areas.
NOTE: Be sure to include the pages with only section headings and TBD as the content that will be completed in later units
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
References
Alexander, M. (2015, December 30). 6 strategic projects any business can implement in 2016. CIO.
Project Management Institute (2017). Project management body of knowledge (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017.
Rutgers. (2017). Sample projects.