Risk  Management        –   

Project       Risk  Management        –           Week            1:                    Individual  Assignment          

Overview and Rationale

Don't use plagiarized sources. Get Your Custom Essay on
  Risk  Management        –   
Get a plagiarism free paper Just from $13/Page
Order Essay

In order to demonstrate proficiency with the content in this course we will complete a number of different assignments to validate your learning – and allow you to implement relevant practices a real-world setting.

 

Program Level – Student Learning Outcomes:

  • Create a risk management plan to determine how both positive and negative risks will be identified, analyzed and managed
  • Articulate the value and benefits of creating an effective approach to planning for project risk management
  • Identify project related risks and their drivers by integrating best practices, tools and techniques
  • Analyze risks using qualitative methods for the purpose of risk exposure and prioritization and communicate their impact to the stakeholders
  • Analyze risks using quantitative methods for the purpose of risk exposure and prioritization and communicate their impact to the stakeholders
  • Recommend risks for risk response planning or watch list
  • Devise a risk response plan based on appropriate techniques and strategies that would meet oStakeholders’ expectations
  • Execute the risk management plan to continuously monitor risks and risk responses
  • Describe how organizational and cultural factors may undermine implementation of effective risk management and develop strategies to overcome these factors

 

Week 1 Learning Objectives 

  • Articulate the value and benefits of creating an effective approach to planning for project risk management
  • Create a risk management plan to determine how both positive and negative risks will be identified, analyzed and managed Essential Components This assignment provides the opportunity to review risk management practices and the Risk Management Plan.

 

  • The Risk Management Plan is typically the first risk deliverable created in a project – and is the agreement to the approach for risk work for the project. However, since we have not yet reviewed the risk management tool/s techniques that would be integrated in this document, it is difficult to write it this week.  For this week, we will create an awareness of this deliverable.  As we go through the term and discus these different tools/ techniques, it is then possible to detail out this deliverable.   Each week, based on our topics, continue to build this RMP – you will then submit the completed Risk Management Plan at the end of Week 5 for comprehensive feedback – remember, typically this would be built first and then guide the work we will do in Weeks 2 – 4.  Instead, this term, we are practicing the risk work and then using that knowledge to “reverse engineer” the RMP.  Hope this makes sense and reach out with any questions.

 

  • For this week, you will review the Risk Management Plan through the perspective of your project.
  • A Risk Management Plan (RMP) template is provided as a framework.
  • At this point, we have not covered the tools that would be integrated into this plan – for this assignment, for each section of the RMP template provide a sentence or two as to what would be included in the section, how it will         support                the         risk        work      for          the        

 and how it adds value to risk management work for the project. 

 

 

 

Project            Risk    Management  –           Week   5:                     Individual       Assignment    –            Completion    of         Risk   

Management  Plan    (Week 1          Draft)

Overview and Rationale

In order to demonstrate proficiency with the content in this course we will complete a number of different assignments to validate your learning – and allow you to implement relevant practices a real-world setting.

 

Outcomes:

  • Create a risk management plan to determine how both positive and negative risks will be identified, analyzed and managed
  • Articulate the value and benefits of creating an effective approach to planning for project risk management
  • Identify project related risks and their drivers by integrating best practices, tools and techniques
  • Analyze risks using qualitative methods for the purpose of risk exposure and prioritization and communicate their impact to the stakeholders
  • Analyze risks using quantitative methods for the purpose of risk exposure and prioritization and communicate their impact to the stakeholders
  • Recommend risks for risk response planning or watch list
  • Devise a risk response plan based on appropriate techniques and strategies that would meet o Stakeholders’ expectations
  • Execute the risk management plan to continuously monitor risks and risk responses
  • Describe how organizational and cultural factors may undermine implementation of effective risk management and develop strategies to overcome these factors

 

 

 

 

 

 

 

Essential Components

This assignment provides the opportunity to review risk management practices and complete the Risk Management Plan.

 

  • For this assignment, we are going back in time in the project risk management process – back to the start of this term and building on the draft of the Risk Management Plan.
  • For Week 1, you drafted considerations for the Risk Management Plan for your individual project.   At that point, we were not able to actually write the risk management plan since we had not yet reviewed the tools and techniques you would need to include in it to create it.
  • As we moved through the term, we did review those tools and techniques which would then allow you build a comprehensive risk management plan at project start – based on our conversations on the risk management process.
  • Now, we are going back in time – back to “project start” and “pretending” that we have not done the risk work for this project.
  • You will create the risk management plan for the project (assuming we are at project start) that reflects the breadth and depth of how risk work would be/ will be done on your project based on our learnings this term. Again, to note, the  risk management plan would be created prior to the development of the risk register, the actual risk work and guides how the risk work will be done.
  • Your risk management plan should connect to the formal work done through our lectures, readings, and discussion boards, as well as other research you may conduct.

 

  • The format for this Week 5 risk management plan is a Word Document. Cite any sources.  The writing style should be concise and straightforward.  Please use a 12-point font.

 

 

Master Homework
Order Now And Get A 20% Discount!
Pages (550 words)
Approximate price: -

Advantages of using our writing services

Custom Writing From Scratch

All our custom papers are written by qualified writers according to your instructions, thus evading any case of plagiarism. Our team consists of native writers from the USA, Canada, and the Uk, making it convenient for us to find the best to handle your order.

Unlimited Free Revisions

If you feel your paper didn't meet all your requirements, we won't stop till it's perfect. You're entitled to request a free revision within 7 days after we submit your paper.

Quality Writing In Any Format

If you have issues with citing sources and referencing, you need not worry. Our writers are highly knowledgeable in referencing, including APA/MLA/Havard/Chicago/Turabian and all other formatting styles.

Fast Delivery And Adherence To The Deadline

All our custom papers are delivered on time, even the most urgent. If we need more time to perfect your paper, we may contact you via email or phone regarding the deadline extension.

Originality & Security

At Master Homework, your security and privacy is our greatest concern. For this reason, we never share your personal information with third parties. We use several writing tools to ensure your paper is original and free from plagiarism.

24/7 Customer Support

Our agents are online 24 hours a day, 7 days a week, and are always ready to serve you. Feel free to contact us through email or talk to our live agents whenever you need assistance with your order.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We work nonstop to see the best client experience.

Pricing

Flexible Pricing

We offer pocket-friendly prices that coincide with the preferred client's deadline.

Communication

Admission help & Client-Writer Contact

Our support team is always ready to ensure vital interaction between you and the writer whenever you need to elaborate on something.

Deadlines

Paper Submission

We deliver our papers early within the stipulated deadlines. We are glad to help you if there should be an occurrence of any alterations required.

Reviews

Customer Feedback

Your review, positive or negative, is of great concern to us and we take it very seriously. We are, consequently adjusting our policies to ensure the best customer/writer experience.