Project Name: New Retail Banking Operating Structure

Project Overview

In Bank of America today, the retail business group serves small and medium enterprises and individuals in the mass and affluent markets, including local governments. Bank of America is looking to improve its value proposition within these customer segments hence, the need for a new operating model for the bank's retail banking business. The new operating model will significantly increase the bank's profitability and market share by defining and implementing unique product, channel and pricing strategies that reflect each segment's characteristics and buyer values.

Based on the above, kindly assist with the following information:

• Risk Management Plan Introduction(provide an explanation of what this plan is used for, what approach your project is taking to identifying risks and how Bank of America will manage these risks through the project life circle (i.e. roles, responsibilities, updates to the plan).
• Terms and Definitions:(define the terms the reader needs to understand this document. Please be detailed with this.
• Risk Scoring:(define and create a risk scoring system specific to your project).
• Risk Registry:Using the following category, Risk #, Score, Risk Name, Category, Risk Response, and Status to form risk registry for the project
• Risk Management Strategies:Please help use the template below for risk management strategies:

Risk	Risk Name	Category	Risk Score	Probability	Impact	Risk Owner	Risk Response	Risk Strategy (provide a description of what this response will look like for this specific risk)	Risk Triger
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