Inquire in your organization (or research one that you may be familiar with) about plans they have in place to manage risk. How do these plans measure up to the Risk Management Process presented in Chapter 7, of the text Gray & Larson. (2006). Project Management: The Managerial Process (3rd ed)?
Describe an implementation at your organization or an organization with which you are familiar. What were some of the lessons learned? How were gaps and risk factors assessed and managed? How were resources allocated and prioritized. What competing constraints had to be balanced? How were costs estimated?