Business

Quantitative Risk Assessment

Instructions:

Resources: Risk Management Plan Outline, assigned readings

Write a paper of no more than 900 words, including tables and matrix,

that includes the following:

• Revision of project background that clarifies project scope,

requirements, schedule, quality, and constraints

• Updated risk identification framework

• Qualified and quantified risk matrix with low, medium, and high

qualitative assessments linked to quantifiable measures and risk

factors, with performance of a risk assessment using a risk matrix,

including:

• Calculation of project risk factors

• Risk quantified in terms of cost, schedule, and performance

• Prioritized risk register, including the following:

• Risk description

• Initial low, medium, or high risk assessment

• Risk priority in the overall risk management plan

·         Risk Management Planning

Instructions:

Resources: Risk Management Plan Outline, assigned reading

Prepare a paper of no more than 800 words, including the following

elements:

• Determine project risk management procedures and relay forms of

risk management.

• Determine responses to potential risks. Relay initial risk response

measures for risks in earlier weeks.

• Create a risk action plan. Relay the components of a risk action plan

and provide one example of a risk in your project. A portion of this

assignment is utilized in your final project.

·         Risk Reporting

Instructions:

Research, individually, one risk monitoring and one risk reporting

practice from your project’s industry. Each synopsis must be no more

than 150 words, including the following:

• One risk monitoring and one risk reporting practice

• A description of the risk monitoring and reporting practices

• An explanation of their links to other procedures

• The positive and negative aspects of risk monitoring and reporting

• Lessons learned that could be applied to your project

-A summation of risk monitoring and reporting methods with pros and cons of each, preferably with tabular format and a supporting narrative (150 words)

·         Project Risk Management Plan

Instructions:

Resources: Risk Management Plan Outline, assigned reading

Write a paper of no more than 1000 words following the outline of a

risk management plan. Refer to the Risk Management Plan Outline as

an example of what the outline must look like. The word count includes

tables.

Incorporate all individual and team assessments.

Include a synopsis determining measures to mitigate project risks and

these elements:

• A minimum of two real-world risk management plans related to your

Project

• The viability of the plans