Objective

The goal of the Individual Risk Management Plan (RMP) is to select a project and then to make and detail a risk management plan that would support that project.

Makean Individual Risk Management Plan for a project of interest to you, defining how to conduct risk management activities for the project. When selecting a project, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small). For this course, you should select a project that has 4 to 6 milestones with 15 to 25 tasks or activities in total

how risk management activities will be structured and performed. The document may include the following points:

1. Risk Strategy: Describes the general approach to managing risk on your selected project.
2. Methodology: Define the specific approaches, tools and data sources that will be used to perform risk management on the project.
3. Roles and Responsibilities: Defines the lead, support and risk management team members that may be required for each type of activity described in the RMP and clarifies their responsibilities.
4. Funding: Identifies the funds needed to perform activities related to Project Risk Management. Establishes protocols for the application of contingency and management reserves.
5. Timing: Defines when and how Project Risk Management processes will be performed throughout the project life cycle and establishes risk management activities for inclusion into the project schedule.
6. Risk Categories: Provide a means for grouping individual project risks.
7. Stakeholder Risk Appetite: An expression of measureable risk thresholds that provide the level of overall acceptable project risk exposure.
8. Probability and Impact: Definitions of probability and impact levels for both negative and positive risks.
9. Reporting Formats: Define how the outcomes of the Project Risk Management process will be documented, analyzed and communicated.
10. Tracking: How risk activities will be recorded and how the Risk Management process will be audited.

1st page, TOC	1st page and table of contents	10
Documentation and Formatting	Supporting documentation and formatting of paper	10
Introduction and Conclusion	Clarity of introduction and conclusions	60
Organization and Cohesiveness	Organization of paper	10
Risk Management Plan	Does the plan include the risk management processes as outlined in the text and the PMBOK Guide?	200
References	Does the paper have a minimum of 5 references? Are there references? Does the paper have a suitable appendix?	10
Total	A quality paper will meet or exceed all of the above requirements.	300