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Please provide a Risk Management Plan for the BMW company. In the management plan, I just need the Top Three Risks the BMW Company. Below,

Please provide a Risk Management Plan for the BMW company. In the management plan, I just need the Top Three Risks the BMW Company.

Below, I will attach the instructions. For the Top Three Risks Instruction:

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TOP THREE RISKS It is important to explicitly state the top three risks to the project in the Risk Management Plan. This will make management aware of the top risks for the project and the nature of the risks. The top three high probability and high impact risks to this project are: Delay in Server Equipment Due to a manufacturer's production backlog, the servers are not available for large scale application testing causing a delay in the project schedule. The project manager will mitigate this risk by using servers from the backup data center if needed. Fiber Optics Connection Not Completed Due to construction delays in installing the fiber optic cable between the data center and the headquarters facilities users will not have a high speed connection between their site and the datacenter resulting in slow responses from the application making it unusable. The Project Manager will implement a site to site broadband Ethernet radio network between the data center and headquarters facility. Network Operations Center (NOC) Not Appropriately Staffed Due to lead times associated with hiring and training additional staff, the NOC does not have the necessary staff to monitor the additional bandwidth associated with the project resulting in a delay to the project schedule. The project manager will mitigate this risk by working with the NOC to create an alternate work schedule to compensate for the staffing shortage until additional staff hiring and training is complete. RISK MANAGEMENT APPROACH This section provides a general description for the approach taken to identify and manage the risks associated with the project. It should be a short paragraph or two summarizing the approach to risk management on this project. The approach we have taken to manage risks for this project included a methodical process by which the project team identified, scored, and ranked the various risks. The most likely and highest impact risks were added to the project schedule to ensure that the assigned risk managers take the necessary steps to implement the mitigation response at the appropriate time during the schedule. Risk managers will provide status updates on their assigned risks in the bi-weekly project team meetings. but only when the meetings include their risk's planned timeframe. Upon the completion of the project. during the closing process. the project manager will analyze each risk as well as the risk management process. Based on this analysis, the project manager will identify any improvements that can be made to the risk management process for future projects. These improvements will be captured as part of the lessons learned knowledge base. RISK IDENTIFICATION This section explains the process by which the risks associated with this project were identified. It should describe the method(s) for how the project team identified risks, the format in which

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