Project risk-management

You are preparing the project risk-management plan for review with the sponsor and your manager. You have identified the risks, assessed the probabilities and impacts, and created your responses. You now need to present the comprehensive plan and gain the buy-in from the sponsor on the risk-management plan.

Individual Guidelines:

    Create risk responses (reduce probability, reduce impact, and respond) for each of the 15 risks you identified and assessed in the prior unit.
        Use either Word or Excel to record this information.

Please add your file.

Your assignment will be graded in accordance with the following criteria to view the grading rubric.
Grading Criteria    Percentage
Deliverable requirements addressed; understanding of material and writer's message and intent are clear.    35%
Scholarlyresearch supportsthe writer's position and is properly acknowledged, and cited direct quotations may not exceed 10% of the word count of the body of the assignment deliverable (excluding title page, abstract, table of contents, tables, exhibits, appendices, and reference pages). Inclusion of plagiarized content will not be tolerated and may result in adverse academic consequences.    20%
Critical thinking: Position is well-justified, there is logical flow, and there are examples.    20%
Structure: Includes introduction and conclusion, proper paragraph format, and reads as a polished, academic paper or professional presentation, as appropriate for the required assignment deliverable.    10%
Mechanical: No spelling, grammatical, or punctuation errors.    10%
APA: Deliverable is cited properly according to the APA Publication Manual (6th ed.).    5%

Group Project Guidelines:

    Go to the Small Group Discussion Board and evaluate each other’s responses and compile the results.
    Create a comprehensive risk-management plan. The risk-management plan should include:
        A description of the overall approach
        A risk matrix using a qualitative ranking approach
        Action plans for the high priority/high probability risks
    Be sure to address the following questions
        Are all possible risks identified?
        Are there redundant or overlapping risks?
        Is the level of detail consistent?
        Are the causes of the risks clearly defined?
        Are the assessments consistent? Is a clear ranking strategy used?
        Are the response strategies appropriate?
        Are secondary risks considered?

Your submitted Group Project (200 points) must include the following:

    A 1–3 page typed document per group member covering the aspects listed in the individual guidelines.
    A 3–6 page typed document covering the questions and aspects listed in the group project guidelines.