MGMT404 Week 5: Risk Management Plan

Due Week 5: Risk
Management Plan
1.
Establish the project’s
priority matrix (constrain, enhance, accept). See Figure 4.2, page 107.
2.
Identify a minimum
of 10 project risks, when it will occur in the project life cycle, and
determine the probability of the risk occurrence.
3.
Create a matrix similar
to the one from the your text (Larson/Gray, Figure 7.5, page 217), making sure
that it is consistent with your priority matrix.
4.
Justify the use of your
risk scoring matrix.
5.
Assess your risks
according to your matrix.
6.
Rank the risks according
to their total risk score.
7.
Prepare the Risk
Response Matrix for each risk–Risk, Response, Contingency, Trigger,
Responsible Person–as presented in the Larson/Gray text page 224, Figure 7.8.
Deliverables:
·
Use the Risk Management
Analysis Template spreadsheet (risk management analysis template.xls) found in
Doc Sharing (there is a separate tab for each portion of the Risk Management
Plan)
·
If working in a team,
include a statement of participation, describing how each person contributed to
this project deliverable. Please have each person sign the statement.