Complete the introduction of the risk management plan by analyzing and defining the plan’s goals and objectives as they relate to the evaluation of risks for your chosen case study. Include the company background information as well.
How does a project manager recognize risks to a project and apply risk management techniques to help minimize them? It is important to be able to first identify the risks and then understand their impact on an organization.
As a project manager, you will want to select the techniques that work the best for the project and the project team, such as brainstorming or a cause-and-effect diagram. Risk management techniques help provide the project manager with an idea of possible areas of the project that could be affected, and which ones may need a risk evaluation.
Research risk management planning and the effect of the choice of methods on the overall predictability and assessment of risk. There are necessary steps when preparing an organization to assess risk. These include accepting a new cultural approach to incorporating risk management into all aspects of the company. A new cultural approach may involve meeting with stakeholders and discussing the need to change and modify existing culture to mitigate and eliminate risks. As a project manager, you must be able to lead the risk management process. You must analyze the organization’s current position, including its objectives and goals, and determine the direction required for prioritizing the risks for an organization. Typically, you would include key stakeholders, because they will impact the business decisions and assist in the evaluation of key areas in the management of risk for the company,
For this course, follow the instructions provided through the links below to download and install software or register for an account, as required.
If you encounter any difficulties in the download and installation process, post a detailed question in the Ask Your Faculty Discussion in the menu dropdown when you click the image of your faculty.
Microsoft Project is the recommended software tool for this course due to its wide industry acceptance and its use in many project management professional roles. This is provided to you through MS Imagine.
Using Project in this course helps prepare you for future professional PM roles and responsibilities. Please use Project for tasks the software supports. If you have other software you would like to use, please check with your instructor to be sure it meets the requirements for this course.
Choose a case study to use for this course. You will use the same case study for the entire course so as to present a coherent risk management plan by the end. For either option, you will assume the role of project manager.
Contact your instructor with questions.
Project risks arise anytime there is a project to manage. It is important for project managers to be able to determine project risks for all types of projects. This includes projects large and small. Project risks can be mitigated by thorough planning and adapting risk analysis techniques. The assessments in this course provide you with hands-on experience in the analysis and evaluation of project risks. You will integrate various aspects of project risk planning, analysis, and evaluation. Note: Developing a risk management plan for a project requires specific steps in sequence. Complete the assessments in this course in the order in which they are presented.
You will be using the Risk Management Plan Template [DOCX] to develop a risk management plan. Note: Submit the updated template for each assessment; as indicated in the instructions for each assessment.
The ﬁnal product for this course will be the complete Risk Management Plan. Your completed plan could be used as evidence of your learning for a job interview or an annual employment review. Read the template before beginning this assessment.
It is critical to identify risks and evaluate both their qualitative and quantitative aspects in the risk management evaluation process.
You will fill out different sections of the Risk Management Plan Template for each assessment.
Use the Risk Management Plan Template to record your analysis for Section 1 – Introduction to the Plan. Your analysis of the project objectives, in relation to the evaluation of risks, must include the following sections. Refer to the template for directions on what to put in each.
It may be helpful to read “Understanding Project Risk Exposure Using the Two-Dimensional Risk Breakdown Matrix,” linked in the Resources, which is about the importance of being proactive in risk assessment and risk evaluation. You will also learn about the risk breakdown structure (RBS). Both of these subjects apply to your plan.
By successfully completing this assessment, you will demonstrate your proﬁciency in the following course competencies and assessment criteria:
Your course instructor will use the scoring guide to review your deliverables as if they were your immediate supervisor.
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
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.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.