BUS 519 Week
4 Assignment 2 Risk Management Plan
In this assignment, you will create a risk management plan. You
have a budget of $100,000 and a timeline of six (6) months for the plan. Please
refer to Figure A-1, Risk Management Plan Template, from Appendix A of the
Hillson and Simon text to create the plan.
Write an eight to ten (8-10) pages paper Risk Management Plan
Component paper in which you:
Prepare the Scope and
Objectives of the Risk Management Process section of the Risk Management
Plan based on the facts presented in the case study.
Determine the project
size, based on the facts presented in the case study, and provide
justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3
of the Hillson and Simon text).
Select the risk tools
and techniques, and complete the Risk Tools and Techniques section of the
Risk Management Plan for both the qualitative and quantitative aspects of
the project. Provide a rationale for the selection.
Develop the Risk
Reviews and Reporting section of the Risk Management Plan based on the
project size previously determined.
Define the Probability
and Impacts section of the Risk Management Plan and justify the values
assigned.
Define the Risk
Thresholds section of the Risk Management Plan and justify the values
assigned.
Your assignment must follow these formatting requirements:
Be typed, double
spaced, using Times New Roman font (size 12), with one-inch margins on all
sides.
Include a cover page
containing the title of the assignment, the studentâs name, the
professorâs name, the course title, and the date. The cover page and the
reference page are not included in the required assignment page length.