PROJECT RISK MANAGEMENT

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PART A: DUE ASAP

The first step will be to select a project that you to develop a risk management strategy and plan for.

  1. Nontrivial: The selected project candidate should reflect a real-life project that has at least the major milestones identified.
  2. Domain Knowledge: You will be applying knowledge of this project to address assignments related to identifying and analyzing risks.
  3. Select a project that fits these requirements.

 

PART B: DUE MONDAY(1-12-2015)

  • Project Outline (2 PARAGRAPHS 
  1. Brief description of the project. 
  2. The milestones and/or WBS for the project.   
  • Risk Management Justification ( 1 PAGE) 
      1. Discuss why risk management is so important to the success of the selected project in a letter to the project sponsor.
      2. Describe the steps that will be used to develop the Risk Management Plan.
      3. Represent this process in a flow diagram as well.
    1. Project Risks Identification
      1. Start brainstorming, at a high level, on some categories where risk could occur in this project (Note: you will continue this brainstorming activity in the next week with specifics, likelihood, and impact).

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