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<PROJECT NAME> RISK MANAGEMENT PLANPMGT 613: Assessing & Managing Project Management Risk Dr. Sami Khan $9.49   Add to cart

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<PROJECT NAME> RISK MANAGEMENT PLANPMGT 613: Assessing & Managing Project Management Risk Dr. Sami Khan

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Team 5 will proceed through the common framework of the risk processes to include: plan risk management, identify risks, perform qualitative risk analysis, and perform quantitative risk analysis, plan risk responses and control risks. The processes will be executed sequential; however, follow...

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  • December 6, 2022
  • 33
  • 2022/2023
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<PROJECT NAME>
RISK MANAGEMENT PLAN
Version Number:
Version Date:

, NEW OPERATING MODEL




Embry­Riddle Aeronautical University

PMGT 613: Assessing & Managing Project Management Risk

Dr. Sami Khan




VERSION HISTORY

Version Implemented Revision Approved Approval Description of
Number By Date By Date Change
1.0 Team 5 02/05/2017 Kailan 2/5/17 Added sections 1.0­2.4.1
Shepherd
2.0 Jennifer 02/23/2017 Kailan 2/25/17 Revision from Class Audit
Shepherd & added Sections 3.0­4.0
2.1 Josh 2/26/17 Kailan 2/26/17 Revised Risk Register &
Shepherd added Section 2.5
2.2 James/ 3/5/17 Kailan 3/5/17 Added Section 2.6 Risk
Dominic Shepherd Metrics


Page 1 of 28

, NEW OPERATING MODEL




TABLE OF CONTENTS
List of Figures...........................................................................................................................3
List of Tables............................................................................................................................3
1.0 INTRODUCTION....................................................................................................4
1.1 Purpose Of The Risk Management Plan....................................................................4
2.0 RISK MANAGEMENT PROCEDURE...................................................................4
2.1 Process........................................................................................................................4
2.2 Roles and Responsibilities.........................................................................................8
2.3 Risk Identification......................................................................................................9
2.3.1 Methods for Risk Identification..........................................................................10
2.3.2 Risk Register.......................................................................................................11
2.4 Risk Analysis...........................................................................................................16
2.4.1 Qualitative Risk Analysis – Probability and Impact Matrix...............................17
2.4.2 Quantitative Risk Analysis – Excel QM................................................................21
Table 6 - Input Table.......................................................................................................21
2.5 Plan Risk Response..........................................................................................................22
2.6 Risk Metrics......................................................................................................................23
3.0 RISK STATUS REPORT......................................................................................25
4.0 RISK CLOSURE PROCESS................................................................................26
5.0 APPENDIX A: RISK MANAGEMENT PLAN APPROVAL..................................27
REFERENCES.................................................................................................................28




LIST OF FIGURES


Figure 1 - Risk Management Process..............................................................................................5
Figure 2 - Critical Path Gantt Chart............................................................................................21




LIST OF TABLE
Table 1 - Project Risk Plan Roles and Responsibilities Matrix.......................................................8

Page 2 of 28

, NEW OPERATING MODEL



Table 2 - Risk Register: New Process Model................................................................................13
Table 3 - Risk Categories..............................................................................................................16
Table 4 - Impact and Probability Matrix: New Process Model.....................................................19
Table 5 - Resultant Impact and Probability...................................................................................20
Table 7- Results.............................................................................................................................21
Table 8 – Risk Category................................................................................................................23
Table 9 - Risk Status Report..........................................................................................................25
Y




Page 3 of 28

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