Risk Management Plan Outline

Resource: Risk Management Plan Outline

Select a realistic business project risk scenario that you might use for your course-length final project.

Obtain faculty approval on your selected project risk scenario.

Research and identify  a suitable project for risk management discussion and analysis. Several  examples are available in weekly readings. The following guidelines  apply: 

  • The project must contain detailed information related to overall project requirements and related risks
  • The project must contain adequate substance to support discussing  risk identification, risk documentation, and contingency planning
  • The project must be ongoing and approved by your facilitator
  • The project may be documented through research or a personal experience

Write a paper of no more  than 1,400 words that describes the project’s background and general  requirements, which must include prescheduled milestones, cost  constraints, and quality requirements. The paper must relay the  theoretical and practical application of the following:

  • The framework for risk identification in the project; for example: WBS, brainstorming, and critical success factors
  • Fault tree and event tree techniques and how they could be used to identify risks
  • Project risks in the selected scenario
  • Elements used in documenting project risks

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