Question
MGMT 640-Team Assignment 2 Risk Management Plan This assignment is a follow up of team assignment one. As a team, develop a risk management plan
MGMT 640-Team Assignment 2
Risk Management Plan
This assignment is a follow up of team assignment one. As a team, develop a risk management plan for the project you have been working in team assignment one. The plan must include the following sections:
- This assignment is the follow up of your team assignment one, so make a connection between the two assignments.
- Risk identification (3 internal and 2 external risks), including WBS code, RBS (risk breakdown structure).
- Qualitative analysis: Briefly describe and rate the risk priority number (RPN) constituents of each of the risks identified. Failure Response Matrix.
- Risk Response Matrix
our project is about construction of football pitch
Realistically, how is risk management plan being implement in a business organization? Write a persuasive letter to the Project Sponsor, clearly show the value of risk management for successful implementation of any project, and request Budget needed for risk management. Format this letter as business correspondence (include letterhead, date, and signature) and write it from your perspective as a Project Manager.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started