BUS 519 Assignment 2 Risk Management Plan

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) pages paper 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 rationalefortheselection.

  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.

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