Managing Project Risk and Opportunities

This is a Managing Project Risk and Opportunities Assignment (MGMT440-1603B-02)

For the Unit 1 assignments use the following scenario. Review the scenario first and then continue on with your assignment. Consider saving the PDF or printing it out for your reference.

You have been meeting with the CEO, the project sponsor, your manager, and the heads of all the other departments to discuss the project and their expectations. You are starting to be concerned about the level of risk of this project and whether or not the organization really understands it. As far as you can tell, the company has never done formal risk management, taking a more relaxed approach to risks. You are starting to develop your risk management plan; you will present it to your manager and the sponsor in two weeks along with some other project planning deliverables.

Assignment Guidelines:

• Create a project charter and identify the key constraints of the project (scope, budget, timeline, quality, people resources, etc.).
• Using the scenario from this unit, create a spreadsheet that lists all the project risks you see based on what you currently know about the project. List at least 15 risks. For each project risk, provide a:
  • Detailed description
  • Category (schedule, strategy, people, etc.)

Note: This list will be used in later activities throughout the course.

Your submitted assignment (140 points) must include the following:

• A 2–4 page typed document that includes:
  • A project charter and identification of key constraints
  • At least 15 risks listed in a spreadsheet with a detailed description and the category of each
• Needs to be 5 pages, No plagiarism  (Please see scenario attachment)