1. MGMT404 Week 5 Risk Management Plan
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DueWeek 5: RiskManagementPlan
Establish the project's priority matrix (constrain, enhance, accept). See Figure
4.2, page 107. Identify a minimum of 10 project risks, when it will occur in the
project life cycle, and determine the probability of the risk occurrence. 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. Justify the use of your
risk scoring matrix. Assess your risks according to your matrix. Rank the risks
according to their total risk score. 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)