A Project Management Plan has many components. Some aspects of the plan are introduced in future courses in the Project Management Certificate program. For the purpose of this assignment, include only the elements of the Project Management Plan discussed in this course and the preceding course in the Project Management Certificate program.
Using the scenario that was selected in Week 2;
Write a 1200 word paper that contains:
a 800-word section regarding a Risk Management Plan in which you include the following:
- Identify potential risks (there should be at a minimum 3 risks identified) for the project and discuss how you developed/determined the list (i.e. there are various techniques to identify risk….one is to use a brainstorming session)
- Discuss the likelihood and impact analysis of those identified risks. Do not just say the risk is “High” and leave it at that, you need to discuss the way you arrived at/performed the analysis. Discuss for each risk you have identified.
- Discuss how you will manage (i.e. mitigate, accept, transfer, etc) each of those risks you have identified.