BUS/519 Assignment 2 Risk Management
Plan ( EQI in SIWA )
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BUS/519 Assignment 2 Risk Management Plan (
EQI in SIWA )
Due Week 4 and worth 240 points
Note: The assignments are a series of papers that are based on the
same case, which is located in the Student Center of the course shell. The
assignments are dependent upon one another.
In this assignment, you will create a risk management plan. You
have a budget of $100,000 and a timeline of six (6) months for the plan. Please
refer to Figure A-1, Risk Management Plan Template, from Appendix A of the
Hillson and Simon text to create the plan.
Write an eight to ten (8-10) page Risk Management Plan Component
paper in which you:
1. Prepare the Scope and Objectives of the Risk
Management Process section of the Risk Management Plan based on the facts
presented in the case study.
2. Determine the project size, based on the facts
presented in the case study, and provide justification based on Figure 3-4,
Example Project Sizing Tool (Chapter 3 of the Hillson and Simon text).
3. Select the risk tools and techniques, and
complete the Risk Tools and Techniques section of the Risk Management Plan for
both the qualitative and quantitative aspects of the project. Provide a
rationale for the selection.
4. Develop the Risk Reviews and Reporting section
of the Risk Management Plan based on the project size previously determined.
5. Define the Probability and Impacts section of
the Risk Management Plan and justify the values assigned.
6. Define the Risk Thresholds section of the Risk
Management Plan and justify the values assigned.
Your assignment must follow these formatting requirements:
·
Be typed, double
spaced, using Times New Roman font (size 12), with one-inch margins on all
sides.
·
Include a cover page
containing the title of the assignment, the student’s name, the professor’s
name, the course title, and the date. The cover page and the reference page are
not included in the required assignment page length.
The specific course learning outcomes associated with this assignment
are:
·
Apply the concepts of
risk management in a project context to develop an appropriate risk management
plan as a key element of the project management process.
·
Survey the project
sponsor, stakeholders, team membership and key decision influencers to develop
a qualitative assessment of the project risks and apply the results to further
refine the project risk management plan.
·
Create a schedule of
project risk reviews appropriate to the organization and risk including major,
minor, and post-project threats and opportunities, including archiving the
results of the project risk plan is incorporated into this schedule.
·
Use technology and
information resources to research issues in project risk management
·
Write clearly and
concisely about project risk management using proper writing mechanics
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