Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Risks Management Plan (Project Management Institute, 2017, pp. 409-449. Project Management Institute, 2021, pp. 122-127). Identify events that may or may not happen on the

Risks Management Plan (Project Management Institute, 2017, pp. 409-449. Project Management Institute, 2021, pp. 122-127). Identify events that may or may not happen on the project. Divide this section into the following subsections i. Number One Risk Priority: Identify the most important risk. Explain why it is the most important risk. ii. Contingency Fund and Managerial Reserve: Determine the amount you will allocate to the Fund and the Reserve. Describe the method you used to calculate the allocations. iii. Risk Registry: Provide a risk registry table that includes the following columns, task WBS number, risk number, risk description, likelihood of occurrence (high, medium, low), impact (high, medium, low), strategy (escalate, avoid, etcetera)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Systems Approach to Planning Scheduling and Controlling

Authors: Harold Kerzner

10th Edition

978-047027870, 978-0-470-5038, 470278706, 978-0470278703

More Books

Students also viewed these General Management questions