BUS 519 Assignment 2 Risk Management Plan ( EQI in SIWA )
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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