IP1 – Introduction to Project Risk Management
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Assignment Details
Part I
For this assignment, you will develop a risk management plan based on a project of your choosing.
Some examples of projects include the following:
- Replacing computers in an office building
- Improving a claims process
- Developing a marketing strategy
- Building a bridge
- Taking inventory in a warehouse
- Creating a new software program for a bank
You can get ideas for projects based on your experiences. For example, if you have a marketing background, the development of a marketing strategy may be a good choice. If you have experience in software, the development of software for a company could be an option.
You can also view sample projects from one of the following Web sites:
Note: You will use this project for the duration of this course.
Click here to download a Word template for your project, or use the following shell to create your risk management plan:
- Risk Management Strategy and Plan Document Shell
- Use Microsoft Word
- Title Page
- Course number and name
- Project name
- Student name
- Date
- Table of Contents
- Use autogenerated TOC
- Separate page
- Maximum of 3 levels deep
- Be sure to update the fields of the TOC so it is up-to-date before each submission.
- Section Headings (create each heading on a new page with TBD as content except for the sections you are working on each week)
- Project Outline
- Risk Management Justification
- Project Risk Identification
- Project Risk Analyses
- Project Risk Response Strategy
- Project Risk Controlling
- Project Risk Communications Plan
Part II
- Create the document shell using the given template or the criteria above. The section headings should be centered and should each begin at the top of a new page.
- Page 1 – Title Page
- Page 2 – Table of Contents
- Page 3 – Project Outline
- Page 4 – Project Risk Identification
- Page 5 – Project Risk Analyses
- Page 6 – Project Risk Response Strategy
- Page 7 – Project Risk Controlling
- Page 8 – Project Risk Communications Plan
- Page 9 – References
- This week, you will complete the Project Outline section. This is the overview of your project to include the project deliverable. You must include the following in this section:
- Describe your project and the project deliverable
- Identify the method for your project: agile or waterfall. Discuss why you chose this method
- Discuss the overall risk management strategy for your project
- Describe the high levels of risk categories you believe risk events may occur in, such as technological, vendor, customer, employees, government, weather, and so on.
- Complete the Project Risk Identification section.
- List at least 5 risks for your project. These risks can be in categories such as weather, finances, resources, government oversight, unions, technology, and other areas.
- NOTE: Be sure to include the pages with only section headings and TBD as the content that will be completed in later units
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