BUS 519 WEEK 4 ASSIGNMENT 2
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BUS 519 WEEK 4 ASSIGNMENT 2 – RISK MANAGEMENT
PLAN
Note: The assignments are a series of papers that are based on
the same case, which is located in the Student Center of the course shell. The
assignments are dependent upon one another.
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:
1.
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.
2.
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).
3.
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.
4.
Develop the Risk
Reviews and Reporting section of the Risk Management Plan based on the project
size previously determined.
5.
Define the Probability
and Impacts section of the Risk Management Plan and justify the values
assigned.
6.
Define the Risk
Thresholds section of the Risk Management Plan and justify the values assigned.
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