Assignment: Risk Response Plan
Risk does not have to derail or stop a project. By understanding how risks are identified, planned for, and mitigated, the student will learn how to successfully complete a project despite risks.
This assignment requires you to understand project risks, learn how to monitor those risks, and develop strategies to manage those risks. Finally a risk review of the Week One project will put the concepts to work on a real project.
Write a 1,050 to 1,400-word business paper.
Implement the following outline to ensure all required topics are addressed.
Include headings within the paper as indicated in the outline below.
1. Introduction (no heading)
2. Risk response plan purpose (heading)
3. Risk owner (heading)
4. Describe a risk owner
5. Identify who should be appointed to own risk on a project
6. Analyze the risk owner's role in the risk response plan
7. Risk assessment (heading)
8. Describe how a project manager should assess and deal with risks
9. Identify the most common areas of the project where risks can originate
10. List and discuss at least two types of risk foreach area where risks can originate
11. Project risk review (heading)
12. Identify the risks in the Week One project
13. Analyze how the risks were handled
14. Evaluate if and how the risks should have been handled differently
15. Conclusion (heading)
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 includes 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.