In this assignment i am building a 2700sq lakefront home. The assignment was that i had won 1 million from a lottery and now get to build my dream home.

9) RISK MANAGEMENT PLAN: Risk represents uncertainty on a project. In this section you should demonstrate practical examples of events that may or may not happen on the project, and how you would deal with them based on the industry best practices.

1: Overall Risk Plan Prioritization: Risk can affect many different project characteristics (budget, schedule, quality) - indicate which of these characteristics you feel should be prioritized to be protected within your risk plan, and why you feel that (for this particular project) it is best that the risk plan prioritize and protect this characteristic.

2:Contingency Fund and Managerial Reserve Fund: Briefly explain how you would determine the funding requirements of both the projects 1) contingency reserve fund and 2) managerial reserve fund for a project of this nature. It is important that you describe the formulas or approach that should be used in establishing both of these reserve funds.

3:Risk Registry Based on appropriate tasks for a project of this nature, develop a risk registry (also known as a risk log). Using the table below, provide examples of risk information that would be appropriate for a project of this nature and that demonstrate your knowledge of risk related terms: *table provide below*

WBS Risk # Title / Description Likelihood Impact Strategy Response