Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Develop a Risk Management Plan template that can be used for any type of project with the following characteristics: The template must include the following

Develop a Risk Management Plan template that can be used for any type of project with the following characteristics:

  1. The template must include the following sections with a brief sentence or two of instructions for each section:
    1. Project Information - similar to 'General Information' in Table 4.2, page 30, of the Project Risk Management textbook.
    2. Methodology
    3. Roles and Responsibilities
    4. Risk Management Budgeting
    5. Risk Management Timing - similar to 'Risk Management Scheduling and Timing' in Table 4.2.
    6. Risk Categories - examples include technology, data, people, purchasing, etc.). You may come up with your own categories.
    7. Risk Probability/Likelihood and Impact Matrix
    8. Project Stakeholder Tolerances
    9. Risk Reporting Formats
    10. Monitoring and Controlling Risks

Note: Your template should not contain any project-specific information. You are not filling out or completing the template for a project, you are just creating a template that project managers who need to make a risk management plan can use.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Chuck Williams

4th Edition

978-0324316797, 0324316798

More Books

Students also viewed these General Management questions

Question

What is sociology and its nature ?

Answered: 1 week ago

Question

What is liquidation ?

Answered: 1 week ago

Question

Explain the different types of Mergers.

Answered: 1 week ago

Question

What is dividend payout ratio ?

Answered: 1 week ago